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Ms. Ellis, a single individual, has $156,000 taxable income. Assume the taxable year is 2021. Compute her income tax assuming that: Use Individual Tax Rate

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Ms. Ellis, a single individual, has $156,000 taxable income. Assume the taxable year is 2021. Compute her income tax assuming that: Use Individual Tax Rate Schedules. Required: o. Taxable income includes no capital gain, b. Taxable income includes $26,300 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 SU Tublesno Service Catalog St... 5 Ga 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 $172,750 but not over $329,850 Over $329,850 but not over S418,850 Over $418.850 but not over $628,300 Over $628,300 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 $67,206.00 + 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 $84,496.75 +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+ 19% of excess over $14,200 S6,220.00 + 22% of excess over $54.200 $13,293.00 +24% of excess over $86,350 $32,145.00 + 32% of excess over $164,900 $46,385.00 +35% of excess over $209,400 $156,355.00 + 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 $523,600 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

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