Mr. and Mrs. Daku have the following income items:

Mr. Dakus salary $ 53,000

Mrs. Dakus Schedule C net profit 48,500

Interest income 2,100

Mrs. Dakus self-employment tax was $6,853. Mrs. Daku's Schedule C net business profit is qualified business income (non-service). The couple have $9,670 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.)

Individual Tax Rate Schedules Married Filing Jointly and Surviving Spouse If taxable income is: The tax is: Not over $19.750 10% of taxable income Over $19,750 but not over $80,250 $1,975 + 12% of excess over $19.750 Over $80,250 but not over $171,050 $9,235 + 22% of excess over $80,250 Over $171,050 but not over $326,600 $29.211 + 24% of excess over $171.050 Over $326,600 but not over $414,700 $66,543 + 32% of excess over $326,600 Over $414,700 but not over $622,050 $94,735 + 35% of excess over $414,700 Over $622,050 $167.307.50 +37% of excess over $622,050 Married Filing Separately If taxable income is: The tax is: Not over $9.875 10% of taxable income Over $9.875 but not over $40,125 $987.50 + 12% of excess over $9,875 Over $40,125 but not over $85,525 $4.617.50 + 22% of excess over $40.125 Over $85.525 but not over $163,300 $14,605.50 + 24% of excess over $85,525 Over $163.300 but not over $207,350 $33.271.50 + 32% of excess over $ 163,300 Over $207,350 but not over $311,025 $47.367 50 + 35% of excess over $207,350 Over $311,025 $83,653.75 + 37% of excess over $311,025 Heads of Household If taxable income is: The tax is: Not Over $14.100 10% of taxable income Over $14 100 but not over $53.700 $1410 + 12% of excess over $14,100 Ove: $53.700 sul not over $85.500 $6,162 +229 of excess over $53,700 Over $85,500 DUE not over $163,300 $13,158 +245 of excess over 585.500 Over 5163.300 but not over $207 350 $3L830 + 32% of excess over $163,300 Over $207 350 botol over $518,400 $45.926+ 35% of excess over $207 350 Crver $518,400 $154,793.50 +37% of excess over $518.400 Single If taxable income is: The tax is: Notove $9.875 of a come Over $9.875 but tower $40.125 598750 + 123 FOXCESS Ver $9.875 Over $40125 but not over 585 525 $451 SG excost $40.125 Ove: $85.525 but not over 5.163 300 $14.50 50 SD $95.525 Over $163.300 not over $207 350 333 2210 3153300 Over $207 350 bit not over $548,400 5:47.367 5207 350 Crver SS18 400 $156 Married filing jointly and surviving spouses Married filing separately Head of household Single $24.800 12.400 18.650 12.400 X Answer is not complete. Amount AGI $ 100, 174 Taxable income Income tax