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  3. 4. erin, a single taxpayer, has a taxable income o

4. Erin, a single taxpayer, has a taxable income of $168,000 in the current year...

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Accounting

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4. Erin, a single taxpayer, has a taxable income of $168,000 in the current year before considering the following capital gains and losses: Short-term capital gain $ 3,000 Long-term capital gain 22,000 Long-term capital gain 14,000 In addition, Erin has an $8,000 long-term capital loss carryover from last year. What are the effects of these transactions on Erin's taxable income

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