Question: Lara, a single individual, has ? ? $ 1 5 9 , 0 0 0 taxable income. Assume the taxable year i s 2 0

Lara, a single individual, has ??$159,000 taxable income. Assume the taxable year is2024. Use Individual Tax Rate Schedules.
Required:
Compute income tax assuming that:
a. Taxable income includes no capital gain.
b. Taxable income includes ?(??$23,200??) 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.
Single?IftaxableincomeisThetaxisNotover$1160010%oftaxableincomeOver$11600butnotover$47150$1160.00+12%ofexcessover$11600Over$47150butnotover$100525$5426.00+22%ofexcessover$47150Over$100525butnotover$191950$17168.50+24%ofexcessover$100525Over$191950butnotover$243725$39110.50+32%ofexcessover$191950Over$243725butnotover$609350$55678.50+35%ofexcessover$243725Over$609350$183647.25+37%ofexcessover$609350
Lara, a single individual, has ? ? $ 1 5 9 , 0 0

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