Ms. Ellis, a single individual, has $128,000 taxable income. Assume the taxable year is 2021. Compute her income tax assuming that: Use Individual Tax Rate Schedules. Required: a. Taxable income includes no capital gain. b. Taxable income includes $29,400 capital gain eligible for the 15 percent preferential rate. (For all requirements, round your intermediate calculations and final answers to the nearest whole dollar amount.) Income tax Case a. Includes no capital gain b. Includes capital gain Individual Tax Rate Schedules Married Filing Jointly and Surviving Spouse If taxable income is Not over $19.900 Over $19.900 but not over $81,050 Over $81,050 but not over $172.750 Over S172,750 but not over $329.850 Over $329,850 but not over $418,850 Over $418,850 but not over S628,300 Over S628,300 The tax is 10% of taxable income $1.990.00+ 12% of excess over $19,900 $9.328.00 +22% of excess over $81,050 $29,502,00+ 24% of excess over $172.750 S67,206.00+ 32% of excess over $329,850 $95.686,00+ 35% of excess over $418,850 $168.993.50 +37% of excess over $628,300 Married Filing Separately If taxable income is Not over $9.950 Over $9.950 but not over $40.525 Over $40,525 but not over $86,375 Over $86,375 but not over $164.925 Over $164,925 but not over $209,425 Over $209,425 but not over $314,150 Over $314,150 The tax is 10% of taxable income $995.00+ 12% of excess over $9,950 $4,664,00 + 22% of excess over $40,525 $14,751.00 +24% of excess over $86,375 $33,603.00 +32% of excess over $164.925 $47,843,00 + 35% of excess over $209,425 584,496.75 +37% of excess over $314.150 Head of Household If taxable income is Not over $14,200 Over $14,200 but not over $54,200 Over $54,200 but not over $86,350 Over $86,350 but not over $164.900 Over $164.900 but not over $209,400 Over $209,400 but not over S523,600 Over S523,600 The tax is 10% of taxable income $1,420.00+ 12% of excess over $14,200 S6.220.00 +22% of excess over $54,200 $13,293.00 +24% of excess over $86,350 S32,145.00+ 32% of excess over $164,900 S46,385.00 + 35% of excess over $209,400 S156,355.00+ 37% of excess over $523,600 Single If taxable income is Not over $9.950 Over $9.950 but not over $40,525 Over $40,525 but not over $86,375 Over $86,375 but not over $164.925 Over $164,925 but not over $209,450 Over $209,450 but not over S523,600 Over $523.600 The tax is 10% of taxable income $995.00+12% of excess over $9.950 $4.664.00+ 22% of excess over $40.525 $14.751.00 +24% of excess over $86,375 $33,603.00+ 32% of excess over $164.925 $47,843.00 + 35% of excess over $209,425 $157,804.25 +37% of excess over $523,600