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Cole, an unmarried individual with no dependents, has the following income items: Cole has $9,800 itemized deductions and the Schedule C income is qualified business
Cole, an unmarried individual with no dependents, has the following income items: Cole has $9,800 itemized deductions and the Schedule C income is qualified business income (non-service). Required: Compute Cole's income tax. Assume the taxable year is 2023. Use Individual Tax Rate Schedules and Standard Deduction Table. Note: Round your intermediate calculations and final answers to the nearest whole dollar amount
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