Ms e a single individual had 115000 taxable income compute


Question -

Ms. E, a single individual, had $115,000 taxable income. Compute her income tax assuming that:

a. Taxable income includes no capital gain.

b. Taxable income includes $22,000 capital gain eligible for the 15 percent preferential rate.

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Accounting Basics: Ms e a single individual had 115000 taxable income compute
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