Mr. and Mrs. Daku had the following income items: Mr. Daku's salary $49,750 Mrs. Daku's Schedule...

   

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Mr. and Mrs. Daku had the following income items: Mr. Daku's salary $49,750 Mrs. Daku's Schedule C net profit 33,300 2,450 Interest income Mrs. Daku's self-employment tax was $4,705. Mrs. Daku's Schedule C net business profit is qualified business income under Section 199A. The couple had $10,370 itemized deductions and no children or other dependents. Compute their income tax on a joint return. Assume the taxable year is 2018. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) AGI Taxable Income Income tax Mr. and Mrs. Daku had the following income items: Mr. Daku's salary $49,750 Mrs. Daku's Schedule C net profit 33,300 2,450 Interest income Mrs. Daku's self-employment tax was $4,705. Mrs. Daku's Schedule C net business profit is qualified business income under Section 199A. The couple had $10,370 itemized deductions and no children or other dependents. Compute their income tax on a joint return. Assume the taxable year is 2018. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) AGI Taxable Income Income tax

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Particulars Mr Dakus Salary 49750 Mrs Dakus Schedule C Net ... View the full answer