Mathematics, 27.04.2021 19:20 kaylamorris05
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-
gains of $2,000.
Use the tables to complete the statement
Single Taxpayers: Income Brackets
Tax Rate Income Bracket
10%
0 to 9,525
Single Taxpayers: Qualified
Dividends and Long-Term
Capital Gains
Tax Rate Income Bracket
1296
9,526 to 38,700
22%
38,701 to 82,500
0%
0 to 38,600
24%
82,501 to 157,500
157,501 to 200,000
15%
32%
38,601 to 425,800
> 425,800
20%
35%
200,001 to 500,000
37%
> 500,000
in taxes on his investment income.
Alex will owe $
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Type the correct answer in the box. Use numerals instead of words.
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