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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 $ 58,250 41,900 1,450 Mrs.
Mr. and Mrs. Daku have the following income items: Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest income $ 58,250 41,900 1,450 Mrs. Daku's self-employment tax was $5,920. Mrs. Daku's Schedule C net business profit is qualified business income (non-service). The couple have $8,370 itemized deductions and no children or other dependents. Required: Compute their income tax on a joint return. Assume the taxable year is 2021. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Amount AGI $ 98,640 Taxable Income Income tax
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