how we can find the interest income and the rest computation? please explain the computation?

eBook Print Item Problem 10-37 (LO. 2, 3, 4, 5, 7, 8) Paraisay Bart and Elizabeth Forrest are married and have no dependents. They have asked you to advise them whether they should file jointly or separately in 2021. Bart incurred some significant medical expenses during the year related to an unexpected surgery. They present you with the following information: Bart Elizabeth Joint Salary (Bart) $38,000 Salary (Elizabeth) $110,000 Interest income 400 1,200 $2,200 Deductions for AGI 2,400 14,000 Medical expenses 10,427 3,358 State income tax 900 11,800 Real estate tax 5,800 Mortgage interest 4,200 Unreimbursed employee expenses 1,200 If they file separately, Bart and Elizabeth will split the real estate tax and mortgage interest deductions equally. If an amount is zero, enter "0". Do not round your intermediate tax computations but round your final tax answers to the nearest dollar. Round all other computations to the nearest dollar. Complete the comparison table through AGI, then compute the total amount of the itemized deductions on the separate schedule before completing the remainder of the table. Click here to access the 2021 tax rate schedule. Check My Work Previous Next eBook Print Item PAL Comparison of Joint and Separate Tax Liabilities Tax Year 2021 Bart Elizabeth Joint Salary (Bart) 38,000 38,000 Salary (Elizabeth) 110,000 110,000 Interest income Gross income Less: deductions for AGI 2,400 14,000 16,400 AGI Medical expenses after 7.5%-of-AGI floor 7,644 State income and real estate taxes 3,800 Chhinderten 11,800 x 18,500 x Mortgage interest 2,100 2,100 4,200 Total itemized deductions (MFS) or standard deduction (MF)) 13,544 $ Total deductions from AGI Taxable income $ $ Tax Savings from filing jointly: Tax filing separately Check My Work Previous Next