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Mr and Mrs. Daku have the following income items: Doku's lary s Doku's Schedule cat profit Interest income S 52,50 41,800 1,300 Mrs. Daku's self-employment
Mr and Mrs. Daku have the following income items: Doku's lary s Doku's Schedule cat profit Interest income S 52,50 41,800 1,300 Mrs. Daku's self-employment tax was $5.906. Mrs. Daku's Schedule C net business profit is qualified business income (non-service) The couple have $8,070 itemized deductions and no children or other dependents Required: Compute their income tax on a joint return. Assume the taxable year is 2020 Use Individual Tax Rate Schedules and Standard Deduction Table (Round your intermediate calculations and final answers to the nearest whole dollar amount.) $ 92647 AGI Taxable income Income tax
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