Lara, a single individual, has $148,000 taxable income. Assume the taxable year is 2022 ....
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Lara, a single individual, has $148,000 taxable income. Assume the taxable year is 2022 . Use Individual Tax Rate Schedules. Required: Compute income tax assuming that: a. Taxable income includes no capital gain. b. Taxable income includes $24,800 capital gain eligible for the 15 percent preferential rate. Note: For all requirements, round your intermediate calculations and final answers to the nearest whole dollar amount. Answer is complete but not entirely correct
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