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Required information [The following information applies to the questions displayed below.] Ms. Ellis, a single individual, had $147000 taxable income. Assume the taxable year is
Required information [The following information applies to the questions displayed below.] Ms. Ellis, a single individual, had $147000 taxable income. Assume the taxable year is 2018. Compute her income tax assuming that: Use Individual Tax Rate Schedules b. Taxable income includes $25,000 capital gain eligible for the 15 percent preferential rate. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Income tax
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