Michelle and Mark are married and file a joint return. Michelle owns an unincorporated dental practice. Mark

Question:

Michelle and Mark are married and file a joint return. Michelle owns an unincorporated dental practice. Mark works pare-rime as a high school math teacher, and spends the remainder of his time caring for their daughter. During 2019, they report the following items:

Mark’s salary	$18,000
Interest earned on savings account	1,200
Interest paid on personal residence	12,700
Itemized deductions for state and local taxes Items relating to Michelle’s dental practice	9,400
Revenues	65,000
Payroll and salary expense	49,000
Supplies	17,000
Rent	16,400
Advertising	4,600
Depreciation	8,1000