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Mr. and Mrs. Wilson are married with one dependent child. They report the following information for 2016: Schedule C net profit $66,650 Interest income from

Mr. and Mrs. Wilson are married with one dependent child. They report the following information for 2016:

Schedule C net profit $66,650

Interest income from certificate of deposit (CD) $2,100

Self-employment tax on schedule c net profit $9,418

Dividend eligible for 15% tax rate $12,000

Mrs. Wilson's salary from Brants Company $75,000

Dependent care credit $500

Itemized deductions $15,000

Compute AGI, taxable income, and total tax liability (including self-employment tax)

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