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Problem 16-47 (LO. 5) For 2022, Wilma has properly determined that her taxable income is $36,000, including $3,000 of unrecaptured 1250 gain and $8,200
Problem 16-47 (LO. 5) For 2022, Wilma has properly determined that her taxable income is $36,000, including $3,000 of unrecaptured 1250 gain and $8,200 of 0%/15%/20% gain. Wilma qualifies for head-of-household filing status. Compute Wilma's tax liability and tax savings from the alternative tax on net capital gain. Click here to access the tax rate schedules to use for this problem. Round your answers to the nearest dollar. When computing Wilma's tax liability, what tax rate is used for: The $3,000 of unrecaptured 1250 gain? 12% The $8,200 of 0%/15%/20% gain? 0% Wilma's tax liability is $ 984 X and the tax saving from the alternative tax computation is $ 984.
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