Mr. and Ms. Sumara have the following income items: Mr. Sumara's self-employment tax was $12,903....
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Accounting
Mr. and Ms. Sumara have the following income items: Mr. Sumara's self-employment tax was $12,903. The couple has $29,050 itemized deductions. Ms. Sumara's Schedule C net business profit is qualified business income (non-service). Required: Compute the couple's income tax on a joint return. Assume the taxable year is 2023. Use Indlvidual Tax Rate Schedules and Standard Deduction Table. Note: Round your intermediate calculations and final answers to the nearest whole dollar amount

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