Problem 10-37 (LO. 2, 3, 4, 5, 7, 8) Bart and Elizabeth Forrest are married and have no dependents. They have asked you to advise them whether they should file jointly or separately in 2021. Bart incurred some significant medical expenses during the year related to an unexpected surgery. They present you with the following information: Bart Elizabeth Joint Salary (Bart) $38,000 Salary (Elizabeth) $110,000 Interest income 400 1,200 $2,200 Deductions for AGI 2,400 14,000 Medical expenses 10,427 3,358 State income tax 11,800 Real estate tax 5,800 Mortgage interest 4,200 Unreimbursed employee expenses 1,200 900 If they file separately, Bart and Elizabeth will split the real estate tax and mortgage interest deductions equally. If an amount is zero, enter "0". Do not round your intermediate tax computations but round your final tax answers to the nearest dollar. Round all other computations to the nearest dollar. Complete the comparison table through AGI, then compute the total amount of the itemized deductions on the separate schedule before completing the remainder of the table. Click here to access the 2021 tax rate schedule. Bart and Elizabeth Forrest Comparison of Joint and Separate Tax Liabilities Tax Year 2021 Bart Elizabeth Joint 38,000 38,000 Salary (Bart) Salary (Elizabeth) 110,000 110,000 Interest income 1,500 2,300 3,800 Gross income 39,500 112,300 151,800 Less: deductions for AGI 2,400 14,000 16,400 AGI 37,100 98,300 135,400 Medical expenses after 7.5%-of-AGI floor 0 State income and real estate taxes Mortgage interest 2,100 2,100 4,200 Total itemized deductions (MFS) or standard deduction (MFJ) Total deductions from AGI Taxable income Tax Savings from filing jointly: Tax filing separately Tax filing jointly Savings