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Return to question 10 Mr. and Mrs. Daku have the following income items: 10 points Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest
Return to question 10 Mr. and Mrs. Daku have the following income items: 10 points Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest income $ 52,500 41,800 1,300 Mrs. Daku's self-employment tax was $5,906. Mrs. Daku's Schedule C net business profit is qualified business income (non-service). The couple have $8,070 itemized deductions and no children or other dependents. Required: Compute their income tax on a joint return. Assume the taxable year is 2020. Use Individual Tax Rate Schedules and Standard Deduction Table (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Answer is complete but not entirely correct. Amount AGI $ 92,647 Taxable Income $ 60,287 X $ 6,853 Income tax Married filing jointly and surviving spouses Married filing separately Head of household Single $24,800 12,400 18,650 12,400
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