Question - Mr. and Mrs. Daniels, ages 45, and 42, had the following income items in 2015:
|
Salaries and wages
|
$122,500
|
|
Interest income
|
6,300
|
|
Dividends eligible for 15% rate
|
4,000
|
|
Capital gain eligible for 15% rate
|
1,900
|
Mr. and Mrs. Daniels have no dependents and claim the standard deduction. Compute their income tax liability on a joint return.
$19,523
$20,363
$22,248
None of the above.