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Jamie is single. In 2018, she reported $109,000 of taxable income, including a long-term capital gain of $5,900. What is her gross tax liability, rounded
Jamie is single. In 2018, she reported $109,000 of taxable income, including a long-term capital gain of $5,900. What is her gross tax liability, rounded to the nearest whole dollar amount? (Use the tax rate schedules, Tax Rates for Net Capital Gains and Qualified Dividends). Multiple Choice $21,522 $20,504 $19,919 $16,350 Individuals Schedule X-Single Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) Schedule Z-Head of Household Schedule Y-2-Married Filing Separately Tax Rates for Net Capital Gains and Qualified Dividends *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends ar included in taxable income last for this purpose)
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