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  3. amy single, received a $ 5,800 capital gain distri

Amy single, received a $ 5,800 capital gain distribution from a mutual fund account. Use...

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Accounting

Amy single, received a $ 5,800 capital gain distribution from a mutual fund account. Use the schedule D Tax Worksheet to calculate the amount of tax on

Amy's capital gain.

The information needed to compute Amy's tax on the capital gain:

-Wages income of $ 28,000

- No ordinary or qualified dividends

- No gains from collectible or unrecaptured section 1250 gains

- Capital gain distribution is not from qualified small business stock

- No income from foreign country

-Taxable income on Form 1040 line 15 is $ 21,800

-

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