Question: Calculate the 2014 total tax for Gordon Geist, a single taxpayer with no dependents and no itemized deductions. He has an active income of $40,000,

Calculate the 2014 total tax for Gordon Geist, a single taxpayer with no dependents and no itemized deductions. He has an active income of $40,000, a short-term capital gain income of $4,000 from the sale of stock, and $7,800 from book royalties.

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Gordons total estimated tax liability in 2014 is 6700 Gross Income 5180000 40000 4000 780... View full answer

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