Mr. Coleman, an unmarried individual, has the following income items: Interest income $ 23,700 Schedule...
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Accounting
Mr. Coleman, an unmarried individual, has the following income items: Interest income $ 23,700 Schedule C net profit 58,880 He has $10,050 itemized deductions and no dependents. Mr. Colemans Schedule C income is qualified business income (non-service).
Compute Mr. Colemans income tax. Assume the taxable year is 2021. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your intermediate calculations and final answers to the nearest whole dollar amount.)
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