Question: Wayne is single and has no dependents. Without considering his $11,000 adjusted net capital gain (ANCG), his taxable income, which includes no investment income, in

Wayne is single and has no dependents. Without considering his $11,000 adjusted net capital gain (ANCG), his taxable income, which includes no investment income, in 2015 is as follows:

a. What is Wayne€™s tax liability without the ANCG?
b. What is Wayne€™s tax liability with the ANCG?

AGI $258,250 $22,100 8,000 7,000 4000 41100 Home mortgage interest State and local income taxes Charitable contributions Personal exemption Taxable income $217, 150

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