Return to question 14 Mr. and Mrs. Lovejoy are married filing jointly, with no dependent children. Mr. Lovejoy worked for Smart Tech Corporation January through March and for Computer Associates the remainder of the year. Mrs. Lovejoy finished her degree in November and immediately began as an associate with Smith and Weber. They report the following information for 2020. Use Individual Tax Rate Schedules and Standard Deduction Table: 10 points F Mr. Lovejoy's salary from Smart Tech Mr. Lovejoy's salary from Computer Associates Mrs. Lovejoy's salary from Smith and Weber Interest from savings account Itemized deductions Dividends eligible for 15% rate $ 32,000 142,000 15,550 700 9,000 2,200 Required: a. Compute AGI. b. Compute taxable income. c. Compute net tax liability (after credits). Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute taxable income. Taxable Income 168,450 Return to question 14 Mr. and Mrs. Lovejoy are married filing jointly, with no dependent children. Mr. Lovejoy worked for Smart Tech Corporation January through March and for Computer Associates the remainder of the year. Mrs. Lovejoy finished her degree in November and immediately began as an associate with Smith and Weber. They report the following information for 2020. Use Individual Tax Rate Schedules and Standard Deduction Table. 10 points Mr. Lovejoy's salary from Smart Tech Mr. Lovejoy's salary from Computer Associates Mrs. Lovejoy's salary from Smith and Weber Interest from savings account Itemized deductions Dividends eligible for 15% rate $ 32,000 142,000 15,550 700 9,000 2,200 Required: a. Compute AGI. b. Compute taxable income. c. Compute net tax liability (after credits). > Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute net tax liability (after credits). (Round your intermediate calculations and final answer to the nearest wh amount.) Tax Liability $ 26,825 X