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Use the 2023 Tax Rate Schedules and Tax Rates for Net Capital Gains and Qualified Dividends in Appendix C to calculate the following: Note: FIT

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Use the 2023 Tax Rate Schedules and Tax Rates for Net Capital Gains and Qualified Dividends in Appendix C to calculate the following: Note: FIT is an abbreviation for federal income tax withheld. y.o. is an abbreviation for years old. 1. Ellaria Tyrell (31 y.o.) plans to file single. a. Ellaria earned a salary of $108,000($16,950FIT). b. On October 1, 2023, Ellaria sold her home for $700,000. On August 1 , 2017 , she purchased the home for $420,000 and lived in this home as her primary residence until the date of sale. c. Estimated Tax payments $5,000. Determine the following line items: Gross Income: Standard Deduction: Taxable Income: Tax Liability: Tax Prepayments: Taxes due or (refund)

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