Question: LO 14-5 Ms. E, a single individual, had $115,000 taxable income. Compute her income tax assuming that: a . Taxable income includes no capital gain.

  1. LO 14-5 Ms. E, a single individual, had $115,000 taxable income. Compute her income tax assuming that:a. Taxable income includes no capital gain.
  2. b. Taxable income includes $22,000 capital gain eligible for the 15 percent preferential rate.

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