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Problem 3-42 (Algorithmic) (LO. 5, 6, 9) Chris and Heather are engaged and plan to get married. During 2021, Chris is a full-time student

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Problem 3-42 (Algorithmic) (LO. 5, 6, 9) Chris and Heather are engaged and plan to get married. During 2021, Chris is a full-time student and earns $6,700 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Heather is employed and has wages of $85,800. Click here to access the standard deduction table to use. Click here to access the Tax Rate Schedules. If an amount is zero, enter, "0". Do not round your intermediate computations. Round your final answer to nearest whole dollar. a. Compute the following: Gross income and AGI Standard deduction (single) Taxable income Income tax Chris Heather Filing Single Filing Single 9,000 X 61,000 X 12,550 12,550 0 48,450 X 0 6,408 X

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