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The Chungs are married with one dependent child. They report the following information for 2023 : Required: Compute AGI, taxable income, and total tax liability

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The Chungs are married with one dependent child. They report the following information for 2023 : Required: Compute AGI, taxable income, and total tax liability (including self-employment tax). Assume that Schedule C net profit is qualified business income (non-service income) under Section 199A. Assume the taxable year is 2023. Use Individual Tax Rate Schedules and Standard Deduction Table. Note: Do not round intermediate computations. Round your final answers to the nearest whole dollor amount. Answer is complete but not entirely correct. \begin{tabular}{|c|c|} \hline \multicolumn{2}{|r|}{ ty and surviving spouse } \\ \hline If taxable income is & The tax is \\ \hline Not over $22,000 & 10% of taxable income \\ \hline Over $22,000 but not over $89,450 & $2,200.00+12% of excess over $22,000 \\ \hline Over $89,450 but not over $190,750 & $10,294.00+22% of excess over $89.450 \\ \hline Over $190,750 but not over $364,200 & $32,580.00+24% of excess over $190,750 \\ \hline Over $364,200 but not over $462,500 & $74,208.00+32% of excess over $364,200 \\ \hline Over $462,500 but not over $693,750 & $105,664.00+35% of excess over $462,500 \\ \hline Over $693.750 & $186,601.50+37% of excess over $693,750 \\ \hline \multicolumn{2}{|c|}{ Married Filing Separately } \\ \hline If taxable income is & The tax is \\ \hline Not over $11,000 & 10% of taxable income \\ \hline Over $11,000 but not over $44,725 & $1,100.00+12% of excess over $11,000 \\ \hline Over $44,725 but not over $95,375 & $5,147.00+22% of excess over $44,725 \\ \hline Over $95,375 but not over $182,100 & $16,290.00+24% of excess over $95,375 \\ \hline Over $182,100 but not over $231,250 & $37,104.00+32% of excess over $182,100 \\ \hline Over $231,250 but not over $346,875 & $52,832.00+35% of excess over $231,250 \\ \hline Over $346,875 & $93,300.75+37% of excess over $346,875 \\ \hline \multicolumn{2}{|c|}{ Head of Household } \\ \hline If taxable income is & \begin{tabular}{l} of Household \\ The tax is \end{tabular} \\ \hline Not over $15,700 & 10% of taxable income \\ \hline Over $15,700 but not over $59,850 & $1,570.00+12% of excess over $15,700 \\ \hline Over $59,850 but not over $95,350 & $6,868.00+22% of excess over $59,850 \\ \hline Over $95,350 but not over $182,100 & $14,678.00+24% of excess over $95,350 \\ \hline Over $182,100 but not over $231,250 & $35,498.00+32% of excess over $182,100 \\ \hline Over $231,250 but not over $578,100 & $51,226.00+35% of excess over $231,250 \\ \hline Over $578,100 & $172,623.50+37% of excess over $578,100 \\ \hline & 40 \\ \hline If taxable income is & Single \\ \hline \begin{tabular}{l} If taxable income is \\ Not over $11,000 \\ \end{tabular} & The tax is \\ \hline & 10% of taxable income \\ \hline & $1,100.00+12% of excess over $11,000 \\ \hline \begin{tabular}{l} Over $44,725 but not over $95,375 \\ Over $95,375 but not over $182,100 \end{tabular} & $5,147,00+22% of excess over $44,725 \\ \hline \begin{tabular}{l} Over $95,375 but not over $182,100 \\ Over $182,100 but not over $231,250 \end{tabular} & $16,290.00+24% of excess over $95,375 \\ \hline \begin{tabular}{l} Over $182,100 but not over $231,250 \\ Over $231,250 but not over $578,125 \end{tabular} & $37,104,00+32% of excess over $182,100 \\ \hline \begin{tabular}{l} Over $231,250 but not over $578,125 \\ Over $578.125 \end{tabular} & $52,832.00+35% of excess over $231,250 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Married filing jointly and surviving spouses & $27,700 \\ \hline Married filing separately & 13,850 \\ \hline Head of household & 20,800 \\ \hline Single & 13,850 \\ \hline \end{tabular} The Chungs are married with one dependent child. They report the following information for 2023 : Required: Compute AGI, taxable income, and total tax liability (including self-employment tax). Assume that Schedule C net profit is qualified business income (non-service income) under Section 199A. Assume the taxable year is 2023. 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. Answer is complete but not entirely correct

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