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Suppose that you determine that Joe had total income of $200,000. Included in this income was $10,000 of qualified dividends and $16,000 of NSTCG. Assume
Suppose that you determine that Joe had total income of $200,000. Included in this income was $10,000 of qualified dividends and $16,000 of NSTCG. Assume that Joe's filing status is head of household. Joe's federal income tax for 2020 will be within $10 of $43,316. True or False? Suppose that in the question above, Joe had the same TI, but that the dividends were not qualified and that the capital gain was NLTCG. Now Joe's federal income tax in 2020 would be within $10 of $40,854.True or False?
True or False?
True or False?
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