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
1096
O to 9,525
Single Taxpayers: Qualified
Dividends and Long-Term
Capital Gains
Tax Rate Income Bracket
1296
9,526 to 38,700
38,701 to 82,500
2296
0%
0 to 38,600
2496
82,501 to 157,500
15%
38,601 to 425,800
3296
157,501 to 200,000
2096
> 425,800
3596
200,001 to 500,000
> 500,000
37%
Alex will owe $
in taxes on his investment income.