Mr. and Mrs. Daniels, ages 45, and 42, had the following income items in 2019: Salaries and wages$122,500Interest income 6,300Dividends eligible for 15% rate 4,000Capital 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.
A. $16,868
B. $22,348
C. $15,570
D. None of the above.
Answer: C
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