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Niral is single and provides you with the following tax information for 2016: Salary $150,000 Bank account interest 1,000 Capital gain on an asset (stock)

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Niral is single and provides you with the following tax information for 2016: Salary $150,000 Bank account interest 1,000 Capital gain on an asset (stock) held for 11 months Capital gain on an asset (stock) held for 16 months Capital gain on an asset (antique doll) held for 30 months 5,000 Itemized deductions 8,000 4,000 9,000 Compute her tax liability. [Show all calculations in good form.]

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