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Mr. Coleman, an unmarried individual, has the following income items: Interest income $ 24,700 Ordinary loss from an S corporation (8,650 ) Ordinary income from
Mr. Coleman, an unmarried individual, has the following income items: Interest income $ 24,700 Ordinary loss from an S corporation (8,650 ) Ordinary income from a partnership 64,000 He has $10,250 itemized deductions and no dependents. Mr. Coleman's passthrough income is qualified business income under Section 199A. Compute Mr. Colemans income tax. Assume the taxable year is 2019. Use Individual Tax Rate Shedules and Standard Deduction Table. (Round your answers to the nearest whole dollar amount.)
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