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Mr. and Mrs. K had the following income items: Mr. Ks salary $ 217,250 Mrs. Ks salary 124,340 Ordinary partnership income 55,750 The couple had

Mr. and Mrs. K had the following income items:

Mr. Ks salary $ 217,250
Mrs. Ks salary 124,340
Ordinary partnership income 55,750

The couple had $29,400 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 Schedules, Standard Deduction Table, Appendix A and Appendix B.

AGI:

Taxable Income:

Income Tax:

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