Question: Problem 1 4 - 1 1 ( Static ) [ LO 1 4 - 3 , 1 4 - 4 , 1 4 - 5

Problem 14-11(Static)[LO 14-3,14-4,14-5]
Terrell, an unmarried individual, has the following income items:
Schedule C net profit $ 31,900
Salary 55,120
NOL carryforward deduction (9,190)
Interest income 725
Terrells self-employment tax was $4,507. Terrell had $6,270 in itemized deductions and one dependent child (age 9) who lives with Terrell. Terrells Schedule C net business profit is qualified business income (non-service).
Required:
Compute Terrells income tax (before credits). Assume the taxable year is 2023. Use Individual Tax Rate Schedules and Standard Deduction Table.
Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.

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