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ara, a single individual, has $159,000 taxable income. Assume the taxable year is 2022. Use Individual Tax Rate Schedules. Required: Compute income tax assuming that:

ara, a single individual, has $159,000 taxable income. Assume the taxable year is 2022. Use Individual Tax Rate Schedules. Required: Compute income tax assuming that: Taxable income includes no capital gain. Taxable income includes $23,200 capital gain eligible for the 15 percent preferential rate.

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