Mr. and Mrs. Ludwig had the following income items. Dividend eligible for 0% preferential rate Capital gain eligible for 0% preferential rate Mrs. Ludwig's salary $3,500 4,100 24,625 Mr. L is age 66, and Mrs. L is age 68. Their itemized deductions totaled $8,790, and they have no dependents. Assume the taxable year is 2018. Compute their income tax on a joint return. Assume the taxable year is 2018. Use Individual Tax Rate Schedules and Standard Deduction Table (Round your intermediate calculations and final answers to the nearest whole dollar amount.) AGI Taxable Income Income tax INDIVIDUAL TAX RATES Married Filing Jointly and Surviving Spouse If taxable Income Is: The tax Is: Not over $19,050 Over $19,050 but not over $77,400 Over $77,400 but not over $165,000 Over $165,000 but not over $315,000 Over $315,000 but not over $400,000 Over $400,000 but not over $600,000 Over $600,000 10% of taxable Income $1,905.00 12% of excess over $19,050 $8,907.0022% of excess over $77,400 $28,179.00 24% of excess over $165,000 $64,179.0032% of excess over $315,000 $91,379.00 35% of excess over $400,000 $161,379.00 37% of excess over $600,000 Marrled Filing Separately If taxable Income Is: The tax Is: Not over $9,525 Over $9,525 but not over $38,700 Over $38,700 but not over $82,500 Over $82,500 but not over $157,500 Over $157,500 but not over $200,000 Over $200,000 but not over $300,000 Over $300,000 10% of taxable income $952.5012% c 4,453.5022% of excess over $38,700 $14,089.5024% of excess over $82,500 $32,089.50+32% of excess over $157,500 $45,689.5035% of excess over $200,000 $80,689.5037% of excess over $300,000 excess over $9.525 Heads of Household If taxable Income is: The tax is: Not over $13,600 Over $13,600 but not over $51,800 Over $51,800 but not over $82,500 Over $82,500 but not over $157,500 Over $157,500 but not over $200,000 Over $200,000 but not over $500,000 Over $500,000 10% of taxable Income $1,360.0012% of excess over $13,600 $5,944.0022% of excess over $51,800 $12,698.0024% of excess over $82,500 $30,698.0032% of excess over $157,500 $44,298.00 35% of excess over $200,000 $149,298.00 +37% of excess over $500,000 Single If taxable Income Is: The tax Is: Not over $9,525 10% of taxable income $952.5012% of excess over $9,525 Over $9,525 but not over $38,700 $4.453.5022% of excess over $38,700 Over $38,700 but not over $82,500 $14.089.50 +24% of excess over $82,500 Over $82,500 but not over $157,500 $32,089.50+32% of excess over $157,500 Over $157,500 but not over $200,000 Over $200,000 but not over $500,000 $45,689.50 35% of excess over $200,000 $150,689.5037% of excess over $500,000 Over $500,000 ESTATE AND TRUST TAX RATES If taxable Income Is: The tax Is: 10% of taxable income Not over $2,550 Over $2,550 not over $9,150 $255 24% of the excess over $2,550 Over $9,150 not over $12,500 $1,83935% of the excess over $9,150 $3,011.5037% of the excess over $12,500 Over $12,500 Married filing jointly and surviving spouses Married filing separately Head of household Single $24,000 12,000 18,000 12,000