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Mathematics, 20.05.2021 19:40, yvette2003
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
Single Taxpayers: Qualified
10%
0 to 9,525 Dividends and Long-Term
Capital Gains
1296 9,526 to 38,700
Tax Rate Income Bracket
22% 38,701 to 82,500
096
0 to 38,600
2496 82,501 to 157,500
1596
3296 157,501 to 200,000
38,601 to 425,800
35% 200,001 to 500,000
20%
> 425,800
3796
> 500,000
Alex will owe $
in taxes on his investment income.
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Answers: 1
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