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Mr. and Mrs. Simpson have the following income items: ...

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Accounting

Mr. and Mrs. Simpson have the following income items:

Mr. Simpsons Schedule C net profit $ 91,320
Mrs. Simpsons Schedule C net loss (7,480 )
Mrs. Simpsons taxable pension 32,300
Interest Income 21,200

Mr. Simpsons self-employment tax was $12,903. The couple had $26,050 itemized deductions. The couples Schedule C net business profit is qualified business income under Section 199A. Compute their income tax on a joint return. Assume the taxable year is 2018.

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