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Taxable Income and Tax Liability Calculations (LO. 6) Total income Excludable income Deductions for adjusted gross income Deductions from adjusted gross income $1 15,900 1,800 2,800 13,8001 Hint: The personal exemption is $4,050, and the standard deduction for married filing jointly is $12,700.) Do not round intermediate computations. Round the final tax liability to the nearest cent. Refer to the tax rate schedule to calculate the following. Based on the above information, for a married couple, adjusted gross income (AGI) is liability is taxable income is and the tax