Question 161 Ronn & Lynn are retired and married to cach other, living alone with no other dependents. They are both 66 and file a married filing joint return. Using the following information compute their taxable income and not tax refund or tax due for 2020, Salary Income $ 3,900 $ 2.400 Social Security Income $ 16,000 $ 10,000 Municipal Bond Interest Income $ 16,000 S 3.200 Dividends S-0- $ 15.000 Net Gain from Small Business $ 9,000 $ -0- Iterized Deductions S 500 $ 5.500 Federal Withholding $ 1.500 S 500 Rental Loss (Fully Deductible) -0- S (10.500) Net Self-Employment Tax Due $ 1.272 S TRA Deduction $ 3,000 s 3,000 Self-Employment Tax Deduction $( 636) s --0- SHOW YOUR WORK!!! USE THE TAX TABLES TO COMPUTE THE TAX!!! $