Mr. and Mrs. Daku have the following income items. Mr. Daku's salary Mrs. Daku's Schedule C...

 

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Mr. and Mrs. Daku have the following income items. Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest incone $51, 258 42, 000 1, 550 Mrs. Daku's self-employment tax was $5,934. Mrs. Daku's Schedule C net business profit is qualified business income under Section 199A. The couple have $8,570 itemized deductions and no children or other dependents. Compute their income tax on a joint return. Assume the taxable year is 2019. 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 net entirely correct. JAGI 97.767 Taxatle Income 65,007 O 7413 O Income tax Mr. and Mrs. Daku have the following income items. Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest incone $51, 258 42, 000 1, 550 Mrs. Daku's self-employment tax was $5,934. Mrs. Daku's Schedule C net business profit is qualified business income under Section 199A. The couple have $8,570 itemized deductions and no children or other dependents. Compute their income tax on a joint return. Assume the taxable year is 2019. 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 net entirely correct. JAGI 97.767 Taxatle Income 65,007 O 7413 O Income tax

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Salary 51250SchC net profit42000Interest income 1550Gro... View the full answer