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Problem 1 - 3 ( Algorithmic ) The Tax Formula for Individuals ( LO 1 . 3 ) Rahul and Ruby are married taxpayers. They

Problem 1-3(Algorithmic)
The Tax Formula for Individuals (LO 1.3)
Rahul and Ruby are married taxpayers. They are both under age 65 and in good health. For 2022, they have a total of $52,700 in wages and $435 in interest income. Rahul and Ruby's deductions for adjusted gross income amount to $1,775 and their itemized deductions equal $11,310. They have two children, ages 32 and 28, that are married and provide support for themselves.
Table for the standard deduction
\table[[Filing Status,Standard Deduction],[Single,$12,950
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