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Ms. Ellis, a single individual, had $115,000 taxable income. Assume the taxable year is 2018. Compute her income tax assuming that: A) Taxable income includes
Ms. Ellis, a single individual, had $115,000 taxable income. Assume the taxable year is 2018. Compute her income tax assuming that:
A) Taxable income includes no capital gain.
B) Taxable income includes $22,000 capital gain eligible for the 15 percent preferential rate
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