Mr. and Mrs. Wilson are married with one dependent child. They report the following information for 2016. Use Individual Tax Rate Schedules and Standard Deduction Table.

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% 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). BOLD ANSWERS