Mrs ds self-employment tax was 5620 the couple had 7050


Problem - Mr. and Mrs. D had the following income items:

Mr. D's salary $67,000

Mrs. D's Schedule C net profit  39,800

Interest income  1,350 

Mrs. D's self-employment tax was $5,620. The couple had $7,050 itemized deductions and no children or other dependents. Compute their income tax on a joint return. Assume the taxable year is 2017. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your intermediate calculations and final answers to the nearest whole dollar amount.)

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Accounting Basics: Mrs ds self-employment tax was 5620 the couple had 7050
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