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Mr. Coleman, an unmarried individual, had the following income items: Interest income$14,000 Ordinary loss from an S corporation(9,000) Ordinary income from a partnership171,000 He had
Mr. Coleman, an unmarried individual, had the following income items:
Interest income$14,000
Ordinary loss from an S corporation(9,000)
Ordinary income from a partnership171,000
He had $27,900 itemized deductions and no dependents. Compute Mr. Coleman'spassthrough income is qualified business income under Section 199A. Compute Mr. Coleman's income tax. Assume the taxable year is 2018.UseIndividual Tax Rate SchedulesandStandard Deduction Table.(Round your answers to the nearest whole dollar amount.)
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