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Mr. and Mrs. Daku had the following income items: Mr. Dakus salary Mrs. Dakus Schedule C net profit Interest income $ 52,50INDIVIDUAL TAX RATES Married Filling Jointly and Surviving Spouse If taxable income is: The tax is Not over $19.050 10% of taMarried filing jointly and surviving spouses Married filing separately Head of household Single $24,000 12,000 18,000 12,000

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Answer #1
Dakus salary 52500
Sch-C net profit 41800
Interest income 1300
Less:Self-employment tax (5906/2) (2953)
AGI 92,647
Less:Greater of itemized deduction or standard deduction (24000)
Taxable income before QBI 68,647
Less. QBI deduction, lessor of (68647*20% or 41800*20%) (8,360)
Taxable income 60,287
Income tax [1905+(60287-19050)x12%] $6,853

ANY DOUBTS OR CORRECTIONS???

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