Problem #S) Ronn and Lynn are retired and married to each other, living alone with no other dependents. They are both over age 65 and file a married filing joint tax return. Using the following information compute their taxable income and net tax due or net tax refund for 2019. Ronn Salary Income $ 3,500 Social Security Income $14,000 Municipal Bond Interest Inc $14,000 Dividends $0 Net Gain From Small Business $ 6,000 Itemized Deductions $ 1,500 Federal Withholding $ 1,500 Rental Loss (fully deductible) $0- Net Self-Employment Tax Due $ 950 IRA Deduction $ 3,000 Self-Employment Tax Deduction $(475) Lynn $ 3,000 $ 8,000 $ 1,500 $ 19,000 $ 0- $ 5,500 $ 500 $(10,500) $ 0 $3,000 so Use the Tax Tables to compute the Tax III. SHOW YOUR WORK III Problem #S) Ronn and Lynn are retired and married to each other, living alone with no other dependents. They are both over age 65 and file a married filing joint tax return. Using the following information compute their taxable income and net tax due or net tax refund for 2019. Ronn Salary Income $ 3,500 Social Security Income $14,000 Municipal Bond Interest Inc $14,000 Dividends $0 Net Gain From Small Business $ 6,000 Itemized Deductions $ 1,500 Federal Withholding $ 1,500 Rental Loss (fully deductible) $0- Net Self-Employment Tax Due $ 950 IRA Deduction $ 3,000 Self-Employment Tax Deduction $(475) Lynn $ 3,000 $ 8,000 $ 1,500 $ 19,000 $ 0- $ 5,500 $ 500 $(10,500) $ 0 $3,000 so Use the Tax Tables to compute the Tax III. SHOW YOUR WORK