Mr. and Mrs. Ludwig have the following income items: Dividend eligible for 0% preferential rate Capital gain eligible for 0% preferential rate Mrs. Ludwig's salary $ 3,400 4,400 44,700 Mr. Ludwig is age 66, and Mrs. Ludwig is age 68. Their itemized deductions totaled $9,390, and they have no 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.) Amount AGI $ 52,500 Taxable income Income tax