Question
1. Lexxi is a single taxpayer. This year, her taxable income is $91,000, which includes $6,000 long-term capital gain. What is Lexxis tax liability? 2.
1. Lexxi is a single taxpayer. This year, her taxable income is $91,000, which includes $6,000 long-term capital gain. What is Lexxis tax liability?
2. Instead, assume Lexxis total taxable income is $45,000, which includes $12,000 long-term capital gain. What is Lexxis tax liability?
3. Andy is a single taxpayer. This year, his taxable income is $95,000, which includes $8,000 long-term capital gain. What is Andys tax liability?
4. Instead, assume Andys total taxable income is $40,000, which includes $8,000 long-term capital gain. What is Andys tax liability?
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