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1. Cyrus, a single taxpayer aged 42, with no dependents, has income from wages of $42,000. a. Compute his income tax for 2020. b. Assume

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1. Cyrus, a single taxpayer aged 42, with no dependents, has income from wages of $42,000. a. Compute his income tax for 2020. b. Assume that, in addition to his wages, Cyrus took a $2,000 premature distribution from an IRA. Compute his total tax liability. c. Assume that, in addition to his wages, Cyrus received $1,000 in qualified dividends. Compute his total tax liability Spilker12e_TIBE_AppD_TaxRates.pdf

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