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Mr. and Mrs. Daku have the following income items: Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest income $ 57,600 31,700 2.400 Mrs.
Mr. and Mrs. Daku have the following income items: Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest income $ 57,600 31,700 2.400 Mrs. Daku's self-employment tax was $4.479. Mrs. Daku's Schedule C net business profit is qualified business income non-service The couple have $10.270 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.) Amount $ 88 861 AGI Taxable income Income tax Mr. and Mrs. Daku have the following income items: Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest income $ 57,600 31,700 2.400 Mrs. Daku's self-employment tax was $4.479. Mrs. Daku's Schedule C net business profit is qualified business income non-service The couple have $10.270 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.) Amount $ 88 861 AGI Taxable income Income tax
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