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5 Problem 14-13 (Algo) [LO 14-3, 14-4, 14-5) Mr. Coleman, an unmarried individual, has the following income items: 1 points Interest income Schedule C net
5 Problem 14-13 (Algo) [LO 14-3, 14-4, 14-5) Mr. Coleman, an unmarried individual, has the following income items: 1 points Interest income Schedule C net profit $23,500 60,160 eBook He has $10,150 itemized deductions and no dependents. Mr. Coleman's Schedule C income is qualified business income (non service). Required: Compute Mr. Coleman's income tax. Assume the taxable year is 2020. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Print Amount AGI References Taxable income Income tax
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