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Please help Individual Tax Rate Schedules Married Filing Jointly and Surviving Spouse Married Filing Separately Head of Household Single Alex and Addison are married and
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Individual Tax Rate Schedules Married Filing Jointly and Surviving Spouse Married Filing Separately Head of Household Single Alex and Addison are married and have the following income items: Alex's salary Addison's Schedule c net profit Interest income $43,00045,0001,650 Addison's self-employment tax was $6,358. Addison's Schedule C net business profit is qualified business income (non-service). The couple have $8,770 itemized deductions and no children or other dependents. Required: Compute their income tax on a joint return. Assume the taxable year is 2022. Use Individual Tax Rate Schedules and Standard Deduction Table. Note: Round your intermediate calculations and final answers to the nearest whole dollar amount Step by Step Solution
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