Question
11. Sarah is single. She files her tax return as Single. Her 2020 income from wages is $450,400. She has net long-term capital gains of
11.Sarah is single. She files her tax return as Single. Her 2020 income from wages is $450,400. She has "net long-term capital gains" of $100,000. Total 2020 gross income is $550,400. Sarah is under 65 years of age and does not itemize her deductions.What is Sarah's total federal income tax?
A) $112,829.75
B)$128,095.50.
C)$147,922.50
D)$149,701
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
