Lara, a single individual, has $$204,000$ taxable income. Assume the taxable year is $2023.$ Use Individual Tax Rate Schedules.

Required:

Compute income tax assuming that:

Taxable income includes no capital gain.

Taxable income includes $$24,300$ 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.

Individual Tax Rate Schedules

Married Filing Jointly and Surviving Spouse

If taxable income is The tax is

Not over $$22,00010\%$ of taxable income

Over $$22,000$ but not over $$89,450$ $$2,200\mathrm{.}00+12\%$ of excess over $$22,000$

Over $$89,450$ but not over $$190,750$ $$10,294\mathrm{.}00+22\%$ of excess over $$89,450$

Over $$190,750$ but not over $$364,200$ $$32,580\mathrm{.}00+24\%$ of excess over $$190,750$

Over $$364,200$ but not over $$462,500$ $$74,208\mathrm{.}00+32\%$ of excess over $$364,200$

Over $$462,500$ but not over $$693,750$ $$105,664\mathrm{.}00+35\%$ of excess over $$462,500$

Over $$693,750$ $$186,601\mathrm{.}50+37\%$ of excess over $$693,750$

Married Filing Separately

If taxable income is The tax is

Not over $$11,00010\%$ of taxable income

Over $$11,000$ but not over $$44,725$ $$1,100\mathrm{.}00+12\%$ of excess over $$11,000$

Over $$44,725$ but not over $$95,375$ $$5,147\mathrm{.}00+22\%$ of excess over $$44,725$

Over $$95,375$ but not over $$182,100$ $$16,290\mathrm{.}00+24\%$ of excess over $$95,375$

Over $$182,100$ but not over $$231,250$ $$37,104\mathrm{.}00+32\%$ of excess over $$182,100$

Over $$231,250$ but not over $$346,875$ $$52,832\mathrm{.}00+35\%$ of excess over $$231,250$

Over $$346,875$ $$93,300\mathrm{.}75+37\%$ of excess over $$346,875$

Head of Household

If taxable income is The tax is

Not over $$15,70010\%$ of taxable income

Over $$15,700$ but not over $$59,850$ $$1,570\mathrm{.}00+12\%$ of excess over $$15,700$

Over $$59,850$ but not over $$95,350$ $$6,868\mathrm{.}00+22\%$ of excess over $$59,850$

Over $$95,350$ but not over $$182,100$ $$14,678\mathrm{.}00+24\%$ of excess over $$95,350$

Over $$182,100$ but not over $$231,250$ $$35,498\mathrm{.}00+32\%$ of excess over $$182,100$

Over $$231,250$ but not over $$578,100$ $$51,226\mathrm{.}00+35\%$ of excess over $$231,250$

Over $$578,100$ $$172,623\mathrm{.}50+37\%$ of excess over $$578,100$

Single

If taxable income is The tax is

Not over $$11,00010\%$ of taxable income

Over $$11,000$ but not over $$44,725$ $$1,100\mathrm{.}00+12\%$ of excess over $$11,000$

Over $$44,725$ but not over $$95,375$ $$5,147\mathrm{.}00+22\%$ of excess over $$44,725$

Over $$95,375$ but not over $$182,100$ $$16,290\mathrm{.}00+24\%$ of excess over $$95,375$

Over $$182,100$ but not over $$231,250$ $$37,104\mathrm{.}00+32\%$ of excess over $$182,100$

Over $$231,250$ but not over $$578,125$ $$52,832\mathrm{.}00+35\%$ of excess over $$231,250$

Over $$578,125$ $$174,238\mathrm{.}25+37\%$ of excess over $$578,125$Lara, a single individual, has $$204,000$ 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 $$24,300$ 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.