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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 $ 66650 interest income
Mr and Mrs Wilson are married with one dependent child. they report the following information for 2016.
schedule c net profit $ 66650
interest income from certificate of deposit $2100
self employment tax on schedule c net profit $9418
dividend eligible for 15% rate 12000
Mrs Wilsons salary form brants company $75000
dependent care credit 500
itemized deductions 15000
compute AGI, Taxible income and total tax liability , (including self employment tax)
AGI______________
Taxible Income__________________
total tax Liability______________________
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