Calculate the 2017 total tax for Gordon Geist, a single taxpayer with no dependents and no itemized

Question:

Calculate the 2017 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. What is Gordon’s average tax rate?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: