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The Chungs are married with one dependent child. They report the following information for 2 0 2 3 : Schedule C net profit $ 6
The Chungs are married with one dependent child. They report the following information for :
Schedule C net profit $
Interest income from certificate of deposit CD
Selfemployment tax on Schedule C net profit
Dividend eligible for rate
Lila Chung's salary from Brants Company
Dependent care credit
Itemized deductions
Required:
Compute AGI, taxable income, and total tax liability including selfemployment tax Assume that Schedule C net profit is qualified business income nonservice income under Section A Assume the taxable year is Use Individual Tax Rate Schedules and Standard Deduction Table.
Note: Do not round intermediate computations. Round your final answers to the nearest whole dollar amount.
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