Check my work Mr. and Mrs. Daku have the following income items: Mr. Daku's salary...
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Accounting
Check my work Mr. and Mrs. Daku have the following income items: Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest income $ 52,500 41,800 1,300 Mrs. Daku's self-employment tax was $5,906. Mrs. Daku's Schedule C net business profit is qualified business income (non-service). The couple have $8,070 itemized deductions and no children or other dependents. Required: Compute their income tax on a joint return. Assume the taxable year is 2020. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Amount AGI $ 92,647 Taxable Income Income tax
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