Question: Please show answer step by step with calculation. Thank you Ruth, who files as single, recently sold an apartment building for $220,000 that had an

Please show answer step by step with calculation. Thank you

Please show answer step by step with calculation. Thank you Ruth, who

Ruth, who files as single, recently sold an apartment building for $220,000 that had an adjusted basis of $24,800 (Cost $174,800 Accumulated depreciation $150,000 ). If Ruth's taxable income before considering this gain is $194,000, what is Ruth's tax liability from the sale of the apartment building? Tax liability \$

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