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Compute Mr Coleman income tax

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Reference no: EM133034779

Question - Mr. Coleman, an unmarried individual, has the following income items: Interest income $23,700

Schedule C net profit 58,880

He has $10,050 itemized deductions and no dependents. Mr. Coleman's Schedule C income is qualified business income (non service).

Required - Compute Mr. Coleman's income tax. Assume the taxable year is 2020. Use Individual Tax Rate Schedules and Standard Deduction Table.

Reference no: EM133034779

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