FIND TAX LIABILITY FOR 2023! PLEASSEEEEE taxable income is right. ...

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Accounting

FIND TAX LIABILITY FOR 2023! PLEASSEEEEE taxable income is right.
Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2023, she
sells the following long-term assets used in her business:
Lily's taxable income before these transactions is $191,900. What are Lily's taxable income
and tax liability for the year? Use Tax Rate Schedule for reference.
Note: Do not round intermediate calculations. Round your final answers to the nearest
whole dollar amount.
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