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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 $58,500 31,600 2,550 Mrs. Daku's
Mr. and Mrs. Daku have the following income items. Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest income $58,500 31,600 2,550 Mrs. Daku's self-employment tax was $4,465. Mrs. Daku's Schedule C net business profit is qualified business income under Section 199A. The couple have $10,570 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.) $ 90,418 AGI Taxable income Income tax
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