A single taxpayer has $15,000 of ordinary taxable income in 2013, a $9,000 long-term capital gain on
Question:
a. What is his 2013 tax liability?
b. How would your answer change if his ordinary taxable income was $225,000?
c. How would your answer change if his ordinary taxable income was $380,000?
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Related Book For
Taxation For Decision Makers 2014
ISBN: 9781118654545
6th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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