Cole, an unmarried individual with no dependents, has the following income items:Interest income$ 24,200Schedule C...

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Accounting

Cole, an unmarried individual with no dependents, has the following income items:Interest income$ 24,200Schedule C net profit50,600Cole has $9,300 itemized deductions and the Schedule C income is qualified business income (non-service).Required:Compute Coles income tax. Assume the taxable year is 2023. Use Individual Tax Rate Schedules and Standard Deduction Table

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