PLEASE ONLY ANSWER PART B PLEASE LEAVE THOUROUGH STEPS TO SOLVE PROBLEM! CHART IS PROVIDED FOR SINGLE FILING STATUS

Ms. Ellis, a single individual, has $142,000 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 $26,700 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.) Case a. Includes no capital gain b. Includes capital gain Income tax 28,101 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