Problem 14-09 (Algo) [LO 14-3, 14-4, 14-5] Alex and Addison are married and have the...
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Accounting
Problem 14-09 (Algo) [LO 14-3, 14-4, 14-5] Alex and Addison are married and have the following income items: Addison's self-employment tax was $6,316. Addison's Schedule C net business profit Is qualified business income (non-service). The couple have $9,370 Itemized deductions and no children or other dependents. Required: Compute their income tax on a joint return. Assume the taxable year is 2022 . Use Individual Tax Rate Schedules and Standard Deduction Table. Note: Round your Intermedlate calculations and final answers to the nearest whole dollar amount
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