Asoks AGI for 2022 is $133,250. Included in this AGI is a $45,000 25% longterm capital gain
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Asok’s AGI for 2022 is $133,250. Included in this AGI is a $45,000 25% longterm capital gain and a $13,000 0%/15%/20% long-term capital gain. Asok is single and uses the standard deduction. Compute his taxable income, the tax liability, and the tax savings from the alternative tax on net capital gain.
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Asoks taxable income is 120300 133250 AGI 12950 standard deduction and the tax liabil...View the full answer
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Related Book For
South Western Federal Taxation 2023 Comprehensive Volume
ISBN: 9780357719688
46th Edition
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young
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