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Mr. and Mrs. Daku have the following income items. Mr. Dakus salary $ 52,500 Mrs. Dakus Schedule C net profit 41,800 Interest income 1,300 Mrs.
Mr. and Mrs. Daku have the following income items.
Mr. Dakus salary | $ | 52,500 | |
Mrs. Dakus Schedule C net profit | 41,800 | ||
Interest income | 1,300 | ||
Mrs. Dakus self-employment tax was $5,906. Mrs. Daku's Schedule C net business profit is qualified business income under Section 199A. The couple have $8,070 itemized deductions and no children or other dependents. Compute their income tax on a joint return. Assume the taxable year is 2019.
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