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  3. a) tom is single in 2019 and has $70,000 of taxabl

a) Tom is single in 2019 and has $70,000 of taxable income, which includes $50,000...

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Accounting

a) Tom is single in 2019 and has $70,000 of taxable income, which includes $50,000 of long-term capital gain.

b) Now suppose instead that Tom has 2019 taxable income of $70000 which includes only $20000 of long term capital

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