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Return to question 3 Problem 14-13 (Static) [LO 14-3, 14-4, 14-5] Mr. Coleman, an unmarried individual, has the following income items: 1 points Interest income
Return to question 3 Problem 14-13 (Static) [LO 14-3, 14-4, 14-5] Mr. Coleman, an unmarried individual, has the following income items: 1 points Interest income Schedule C net profit $ 24,200 50,600 He has $9,300 itemized deductions and no dependents. Mr. Coleman's Schedule C income is qualified business income (non- service). Required: Compute Mr. Coleman's income tax. Assume the taxable year is 2021. 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 Taxable income $ 71,225 $ (48,705) X $ (6,505) X Income tax
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