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Calculate the 2017 total tax for Gordon Geist, a single taxpayer without dependents and no itemized deductions. He has active income of $40 comma 000
Calculate the
2017
total tax for Gordon Geist, a single taxpayer without dependents and no itemized deductions. He has active income of
$40 comma 000
,
a short-term capital gain income of
$4 comma 000
from the sale of stock, and
$7 comma 800
from book royalties. What is Gordon's average tax rate?
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