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Calculate Tax Liability for Bella and Barclay Barnes Based on the following Information. The Barnes have $240,000 in Taxable Income. Included in that income is

Calculate Tax Liability for Bella and Barclay Barnes Based on the following Information. The Barnes have $240,000 in Taxable Income. Included in that income is a long term Capital Gain of $50,000 and sole proprietorship income of $20,000. Show all of your calculations.

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