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QUESTION

E, a single individual, had $142,000 taxable income. Assume the taxable year is 2017. Compute her income tax assuming that: Use Individual Tax Rate...

Ms. E, a single individual, had $142,000 taxable income. Assume the taxable year is 2017. Compute her income tax assuming that:

Use Individual Tax Rate Schedules.

a. Taxable income includes no capital gain. (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

b. Taxable income includes $26,700 capital gain eligible for the 15 percent preferential rate. 

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