Mr. and Mrs. Daku have the following income items. Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest income $ 53,000 48,500 2,100 Mrs. Daku's self-employment tax was $6,853. Mrs. Daku's Schedule C net business profit is qualified business income under Section 199A. The couple have $9,670 itemized deductions and no children or other dependents. Compute their income tax on a joint return. Assume the taxable year is 2019. Use Individual Tax Rate Schedules and Standard Deduction Table (Round your intermediate calculations and final answers to the nearest whole dollar amount.) $ 100,174 AGI Taxable Income Income tax Married filing jointly and surviving spouses Married filing separately Head of household Single $24.400 12,200 18,350 12,200 Individual Tax Rate Schedules Married Filing Jointly and Surviving Spouse Ir taxable income is: The tax is: Not over $19.400 10% of taxable income Over $19,400 but not over $73,950 $1.940 + 12% of excess over $19.400 Over $75,950 but not over S163,400 39,086 +22% of excess over $78.950 Over S165,400 but not over 5321,450 $28,765 +24% of excess over $168.400 Over 5321.450 but not over S405,200 $65.497 +32% of excess over $321.450 Over $408.200 but not over $612,350 $93.257 +35% of excess over $408.200 Over $612.350 S164.709.50 + 37% of excess over $612.350 Married Filing Separately If taxable income is: The tax is: Not over $9,700 10% of taxable income Over S9,700 but not over $39,475 $970 +12% of excess over $9.700 Over $39,475 but not over $84,200 $4,543 +22% of excess over $39,475 Over $84,200 but not over $160,725 $14,382.50 +24% of excess over $84.200 Over $160,725 but not over $204,100 $32,748 50+32% of excess over $160,725 Over S204,100 but not over $306,175 $46,628.50 +35% of excess over S204,100 Over S306,175 $82,354.75 +37% of excess over $306, 175 Hends of Household If taxable income is: The tax is: Not over $13.850 10% of taxable income Over $13.550 but not over $52.850 $1,355 +12% of excess over $13.850 Over S52.850 but not over SS4.200 56,065 + 22% of excess over S52.850 Over $84.200 but not over $160,700 $12.962 +24% of excess over $54,200 Over $160,700 but not over S204,100 $31,322 + 32% of excess over $160,700 Over S204,100 but not over S510,300 $45,210 +35% of excess over S204,100 Over S510,300 S152,350 + 37% of excess over S510,300 Single Ir taxable income is: The tax is: Not over $9,700 10% of taxable income Over $9,700 but not over $39,475 S970 +12% of excess over $9,700 Over $39,475 but not over $84,200 $4,543 +22% of excess over $39,475 Over SS4,200 but not over $160,725 $14,382 5+24% of excess over $84,200 Over $160,725 but not over S204,100 $32,748.5+ 32% of excess over $160,725 Over S204,100 but not over S510,300 $46,628.5+ 35% of excess over $204,100 Over 5510,300 S153,798,5 +37% of excess over 510,300
