Compute the requested amounts and place the answers in the spaces provided. Be sure to show your work for potential partial credit. Spiderman and MJ have been married for 28 years and have two children who qualify as their dependents (ages 15 and 18). The couple received salary income of $278,657. They sold some stock they had owned for 8 years and had an $45,000 long term gain on the sale. They also received $32,000 of corporate bond interest and $12,400 of interest from Marvel City bonds. They also cashed in a Certificate of Deposit early during the year and paid a $3,000 penalty on the early withdrawal. Additionally, Spiderman (who teaches middle school) spent $955 on supplies and snacks for his classroom. Spiderman and MJ accumulated $43,780 of itemized deductions and they had $56,590 withheld from their paychecks for federal income taxes. Gross Income Deductions FOR AGI Adjusted Gross Income Standard Deduction Itemized Deductions Taxable Income Tax Liability Amount Due OR Refund Use the table below to show what you did and did not include in Gross Income, Deductions and/or other items and your explanation. Feel free to add additional rows as necessary. Item Amount Explanation 2022 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: $ 0 $ 10,275 $ 10,275 $ 41,775 $ 41,775 $ 89,075 $ 89,075 $ 170,050 $ 215,950 $539,900 $ 170,050 $ 215,950 $539,900 The tax is: 10% of taxable income $1,027.50 plus 12% of the excess over $10,275 $4,807.50 plus 22% of the excess over $41,775 $15,213.50 plus 24% of the excess over $89,075 $34,647.50 plus 32% of the excess over $170,050 $49,335.50 plus 35% of the excess over $215,950 $162,718 plus 37% of the excess over $539,900 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: $ 20,550 $ 83,550 || $ 178,150 $340,100 $ 0 $ 20,550 $ 83,550 $ 178,150 $ 340,100 $ 431,900 $ 647,850 $ 647,850 $ 431,900 The tax is: 10% of taxable income $2,055 plus 12% of the excess over $20,550 $9,615 plus 22% of the excess over $83,550 $30,427 plus 24% of the excess over $178,150 $69,295 plus 32% of the excess over $340,100 $98,671 plus 35% of the excess over $431,900 $174,253.50 plus 37% of the excess over $647,850 Schedule Z-Head of Household If taxable income is over: But not over: $ 0 $ 14,650 $ 14,650 $ 55,900 $ 55,900 $ 89,050 $ 89,050 $ 170,050 $ 215,950 $539,900 $ 170,050 $ 215,950 $ 539,900 The tax is: 10% of taxable income $1,465 plus 12% of the excess over $14,650 $6,415 plus 22% of the excess over $55,900 $13,708 plus 24% of the excess over $89,050 $33,148 plus 32% of the excess over $170,050 $47,836 plus 35% of the excess over $215,950 $161,218.50 plus 37% of the excess over $539,900 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $ 10,275 $ 41,775 $ 89,075 $ 170,050 $ 215,950 $323,925 $ 10,275 $ 41,775 $ 89,075 $ 170,050 $ 215,950 $323,925 - The tax is: 10% of taxable income $1,027.50 plus 12% of the excess over $10,275 $4,807.50 plus 22% of the excess over $41,775 $15,213.50 plus 24% of the excess over $89,075 $34,647.50 plus 32% of the excess over $170,050 $49,335.50 plus 35% of the excess over $215,950 $87,126.75 plus 37% of the excess over $323,925