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LO 14-5 Ms. E, a single individual, had $115,000 taxable income.

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<ol><li><strong>LO 14-5 </strong>Ms. E, a single individual, had $115,000 taxable income.

Compute her income tax assuming that:<em>a</em>. Taxable income includes no capital gain.</li><li><em>b</em>. Taxable income includes $22,000 capital gain eligible for the 15 percent preferential rate.</li></ol>

 
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