In the current year, Jeanette, an individual in the 24% marginal tax bracket, recognized a $20,000 long-term capital gain. Also in the current year, Parrot Corporation, a calendar year C corporation, recognized a $20,000 long-term capital gain. Neither taxpayer had any other property transactions in the year. What tax rates are applicable to these capital gains

Capital gains tax rate applicable to Jeanette

Capital gains tax rate applicable to Parrot Corporation

Explanation:

Jeanette's capital gains tax liability = $20,000 x 15% = $3,000

Parrot Corporation's capital gains tax liability = $20,000 x 21% = $4,200

Corporations pay the same tax rate for ordinary income or for capital gains, but individuals have different tax rates.

in terms of experimental research, mcdonald’s charging different prices in the two cities relates to

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