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Mr. and Mrs. Daniels, ages 45, and 42. had the following income items in 2021: Use Income tax rates & Standard Deduction Table Salaries and
Mr. and Mrs. Daniels, ages 45, and 42. had the following income items in 2021: Use Income tax rates & Standard Deduction Table Salaries and wages $ 122,500 Interest income 6,300 Dividends eligible for 15% rate 4,000 Capital gain eligible for 15% rate 1,900 Mr. and Mrs. Daniels have no dependents and claim the standard deduction Compute their income tax liability on a joint return. Multiple Choice $14,311 O $15,196 $22.016 None of these choices are correct
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