Question: Problem 14-08 (Static) (LO 14-5) Mr. Olaf earned an $89,000 salary, and Mrs. Olaf earned a $40,330 salary. The couple had no other income and

Problem 14-08 (Static) (LO 14-5) Mr. Olaf earned an $89,000 salary,

and Mrs. Olaf earned a $40,330 salary. The couple had no other

Problem 14-08 (Static) (LO 14-5) Mr. Olaf earned an $89,000 salary, and Mrs. Olaf earned a $40,330 salary. The couple had no other income and can't itemize deductions. Assume the taxable year is 2021. Use Individual Tax Rate Schedules and Standard Deduction Table. Required: a. Compute their combined tax if they choose to file separate returns. b. Compute their tax if they file a joint return. Complete this question by entering your answers in the tabs below. Required A Required B Compute their tax if they file a joint return. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) income tax

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