Solution-Compute mr coleman income tax

Compute mr coleman income tax

Reference no: EM133060263

Question - Mr. Coleman, an unmarried individual, has the following income items:

Interest income $24,200

Schedule C net profit 50,600

He has $9,300 itemized deductions and no dependents. Mr. Coleman's Schedule C income is qualified business income (non-service).

Required - Compute Mr. Coleman's income tax. Assume the taxable year is 2021. Use Individual Tax Rate Schedules and Standard Deduction Table.

Reference no: EM133060263

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Compute mr coleman income tax

Reference no: EM133060263

Reference no: EM133060263

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