Required: Using the tax formula format, determine the following for the Bradys 2019 tax year (show all calculations):

a. All Income $___________

b. Exclusions (if any) $ ___________

c. Gross income (including Edies SE income) $ ___________

d. Deductions For AGI $ ___________

e. Adjusted gross income $ ___________

f. Itemized deduction or standard deduction amount $ ___________

g. Deduction for exemptions $ ___________

h. Taxable income $ ___________

i. Income tax liability $ ___________

j. Self-employment tax liability $ ___________

k. Net tax due or refund (show calculation) $ ___________

Remember: This is for the 2019 tax year. You must use appropriate 2019 amounts for standard deduction, exemptions, and tax calculations.

Show all components of your work for partial credit review. Steve (age 40) and Edie (age 39) Brady are married. Steve works as a retail manager and Edie is a self-employed architect but does not maintain a home office. She does NOT qualify for the Qualified Business Income (CBI) deduction. Their 2019 tax and other information are as follows: Salary - Steve 70,000 Federal withholding on salary 10,000 State withholding on salary 4,000 Interest income on municipal bonds: State of Connecticut 1,000 Savings account interest 1,500 Dividends from RGR, Inc. (all are non-qualified) 2,500 Value of employer provided medical insurance 3,000 Inheritance from Steve's father's estate 9,000 Interest paid on personal car loan 1,800 Interest paid on personal loan 1,100 Child support paid to Steve's ex-wife 10,000 Alimony paid to Steve's ex-wife - divorced in 2010 8,000 Qualified Out of Pocket Medical Expenses 3,700 Donations to church 2,200 Real Estate taxes on primary residence 6,000 Mortgage interest on primary residence (