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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 $42,000, a short-term
Calculate the 2017 total tax for Gordon Geist, a single taxpayer without dependents and no itemized deductions. He has active income of $42,000, a short-term capital gain income of $3,400 from the sale of stock, and $7,800 from book royalties. What is Gordon's average tax rate? Gordon's total gross income for the 2017 tax year is $ (Round to the nearest cent.) Assuming Gordon's filing status is single, his standard deduction for the 2017 tax year is $ (Enter the amount to the nearest dollar.) Click the following link for a standard deduction table. Gordon is a single taxpayer without dependents. His exemption for the 2017 tax year is $ (Enter the amount to the nearest dollar.) Gordon's taxable income for the 2017 tax year is $ (Round to the nearest cent.) Gordon's total income tax due for the 2017 tax year is $ (Round to the nearest cent.) Click the following link for the tax rates and brackets table. His 2017 average tax rate is 1%. (Round to the nearest integer.)
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