Eileen, a single individual, had $125,000 taxable income. Compute her income tax assuming that:Taxable income includes no capital gains.Taxable income includes $14,000 capital gain eligible for the 15% preferential rate.

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The Answer of Eileen, a single individual, had $125,000 taxable income. Compute her income tax assuming that:Taxable income includes no capital gains.Taxable income includes $14,000 capital gain eligible for the 15% preferential rate.

Eileen, a Single Individual, Had $125,000 Taxable Income