17 Type the correct answer in the box. Use numerals instead of words,
Alex is a single taxpayer with $80,000 in taxable income. His investment income consists of $500 of qualified dividends and short-term capital gains
of $2,000
Use the tables to complete the statement.
Single Taxpayers: Income Brackets
Tax Rate Income Bracket
10%
0 to 9,525
1296
9,526 to 38,700
22%
38,701 to 82,500
Single Taxpayers: Qualified
Dividends and Long-Term
Capital Gains
Tax Rate Income Bracket
0%
O to 38,600
15% 38,601 to 425,800
20%
> 425,800
24%
82,501 to 157,500
32%
157,501 to 200,000
35%
200,001 to 500,000
37%
> 500,000
Alex will owe $
in taxes on his investment income.
My

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