In 2023, Deonte (single) had $510,000 of total taxable income. His taxable income is comprised...
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Accounting
In 2023, Deonte (single) had $510,000 of total taxable income. His taxable income is comprised of $480,000 of ordinary income and $30,000 of net long-term capital gain.
What is Deontes tax liability (as per line 16 of Form 1040, before considering other taxes such as net investment income tax)?
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