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A single taxpayer, earned $131,000 in 2022 as an accounting consultant. She has no other income besides a $21,000 net capital gain.What is her taxable income

a.$113,150
b.$115,440
c. $111,230
d. $139,050

User Rootkea
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1 Answer

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Final answer:

The provided information is insufficient to accurately calculate the taxpayer's taxable income without specific deductions or capital gains tax information; therefore, a direct answer is not possible with the current data.

Step-by-step explanation:

The tax situation described involves computing the taxable income of a single taxpayer who has earned $131,000 as an accounting consultant and has a net capital gain of $21,000. To find the taxable income, one must subtract any deductions or exemptions from the total income (which includes both earned income and capital gains).

However, based on the information provided, the exact applicable deductions and exemptions are not specified; thus, we must rely on the figures given to proceed with the calculation. It's important to note that net capital gains are taxed at different rates than ordinary income, but without clear instruction on the rates or thresholds for the 2022 tax year, we cannot deduce the exact taxable amount.

User TerryProbert
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