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Daniel and Isabella are married, file jointly, and have three dependents (qualifying children ages 13, 16, and 18). They have salaries of $105,000, a capital

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Daniel and Isabella are married, file jointly, and have three dependents (qualifying children ages 13, 16, and 18). They have salaries of $105,000, a capital loss of $4,500, and tax-exempt interest income of $900. They paid home mortgage interest of $7,000, state income taxes of $1,500, property taxes of $3,100, medical expenses of $4,000, and charitable contributions of $3,000. Federal income taxes of $11,100 were withheld from their paychecks. (The tax year is 2021) Begin by computing their taxable income. (If a box is not used in the table leave the box empty; do not select a label or enter a zero. Enter a "O" for amounts with a zero balance. Use parentheses or a minus sign to enter a loss.) Taxable income $ 25,100 $ 18,800 STANDARD DEDUCTION Filing Status Married individuals filing joint returns and surviving spouses Heads of households Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing separate returns Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses Additional standard deduction for the aged and the blind; Individual who is unmarried and not a survivin USA $ 12,550 S 12,550 $1,350" $1.2009 $1,350 $1,700 Married Individuals filing separate returns Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus $350 or (2) $1,100. *These amounts are $2,700 and $3,400, respectively, for a taxpayer who is both aged and blind. Married, Filing Joint and Surviving Spouse If taxable income is: The tax is: Not over $19,900 10% of taxable income. Over $19,900 but not over $81,050 .. $1,990.00 + 12% of the excess over $19,900, Over $81,050 but not over $172,750 $9,328.00 + 22% of the excess over $81,050. Over $172,750 but not over $329,850 $29,502.00 + 24% of the excess over $172,750. Over $329,850 but not over $418,850 $67,206.00 + 32% of the excess over $329,850. Over $418,850 but not over $628,300 $95,686,00 + 35% of the excess over $418,850. Over $628.300 $168.993.50 + 37% of the excess over $628,300

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