Short Period Return. Lavanya, a single taxpayer, is a
practicing accountant. She obtains permission to change her tax year from the
calendar year to a year ending July 31. Her practice income for the seven
months ending July 31 is $38,500. In addition, Lavanya has $3,000 of interest
income and $6,500 of itemized deductions. What is her tax for the short period?
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