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Cason Is Filing as Single and Has 2017 Taxable Income

Question 38

Multiple Choice

Cason is filing as single and has 2017 taxable income of $36,000 which includes $34,000 of 0%/15%/20% net long-term capital gain. What is his tax on taxable income using the alternative tax method? Note: Use the tax rate schedule rather than the tax table.


A) $0
B) $200
C) $300
D) $4,934
E) None of the above

Correct Answer:

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