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Mr. and Mrs. K had the following income items. Mr. Ks salary $ 206,000 Mrs. Ks salary 118,000 Ordinary partnership income 51,750 The couple had
Mr. and Mrs. K had the following income items.
Mr. Ks salary | $ | 206,000 | |
Mrs. Ks salary | 118,000 | ||
Ordinary partnership income | 51,750 | ||
The couple had $28,200 itemized deductions (none of which were medical expense, investment interest expense, or casualty, theft, or gambling loss) and two dependent children over age 17. Compute Mr. and Mrs. Ks income tax on a joint return. Use Individual Tax Rate and Standard Deduction Table. (Round your intermediate and final calculations to the nearest whole dollar amount.)
AGI =
Taxable Income =
Income Tax =
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