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Rashad, an unmarried individual with four dependent children (ages 5 to 15) had the following...

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Accounting

Rashad, an unmarried individual with four dependent children (ages 5 to 15) had the following income items:

Salary $ 515,600
Interest income 21,800
Dividend eligible for 20% rate 38,000

Rashad had $34,700 in itemized deductions.

Required:

Compute Rashads income tax (before credits). Assume the taxable year is 2022. Use Individual Tax Rate Schedules and Standard Deduction Table.

a. AGI

b.Taxable income

c.. income tax

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