please calculate the 2020 tax liability for a single taxpayer who is 40 years old with...

please calculate the 2020 tax liability for a single taxpayer who is 40 years old with $212,400 of wages, $20,000 of qualified dividends, $30,000 of LT capital gains and $50,000 of ST capital gains. Please make sure to consider all possible taxes in your calculation, please show all work/ calculations

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Calculation of tax liability for single tax payer for the year 2020

under the federal tax system the tax liability for single tax payer is calculated as follows :

Given qualified dividends and long term capital gain are calculated as per applicable rates.

ekkarill92 answered 1 year ago

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