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Ms. E, a single individual, had $115,000 taxable income. Compute her income tax assuming that: a. Taxable income includes no capital gain what is income

Ms. E, a single individual, had $115,000 taxable income. Compute her income tax assuming that:

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a. Taxable income includes no capital gain

what is income tax?

B. taxable income includes $22,000 capital gain eligible for the 15 percent preferential rate.

what is income tax?

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