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
12% 9,526 to 38,700
22% 38,701 to 82,500
24% 82,501 to 157,500
32% 157,501 to 200,000
35% 200,001 to 500,000
37% > 500,000
Single Taxpayers: Qualified Dividends and Long-Term Capital Gains
Tax Rate Income Bracket
0% 0 to 38,600
15% 38,601 to 425,800
20% > 425,800
Alex will owe $
in taxes on his investment income.