Lara, a single individual, has $$154,000$ taxable income. Assume the taxable year is $2023.$ Use Individual Tax Rate Schedules.

Required:

Compute income tax assuming that:

a$.$ Taxable income includes no capital gain.

b$.$ Taxable income includes $$26,800$ 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.

$\backslash$table$[[$Case$,$Income Tax$],[$a$.$ Includes no capital gain,$$,94,495$

Lara, a single individual, has $$154,000$ taxable income. Assume the taxable year is $2023.$ Use Individual Tax Rate Schedules.

Required:

Compute income tax assuming that:

a$.$ Taxable income includes no capital gain.

b$.$ Taxable income includes $$26,800$ 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.

$\backslash$table$[[$Case$,$Income Tax$],[$a$.$ Includes no capital gain,$],[$b$.$ Includes capital gain,$]]$