Alex and Addison are married and have the following income items: Addison's self-employment tax was...
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Alex and Addison are married and have the following income items: Addison's self-employment tax was $7,248. Addison's Schedule C net business profit is qualified business income (non-service). The couple have $10,070 itemized deductions and no children or other dependents. Required: Compute their income tax on a joint return. Assume the taxable year is 2022. Use lndividual Tax Rate Schedules and Standard Deduction Table. Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. Individual Tax Rate Schedules \begin{tabular}{|l|r|} \hline Married filing jointly and surviving spouses & $25,900 \\ \hline Married filing separately & 12,950 \\ \hline Head of household & 19,400 \\ \hline Single & 12,950 \\ \hline \end{tabular}
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