Mathematics, 22.03.2021 19:50 idfk666
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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
1296
9,526 to 38,700
2296 38,701 to 82,500
Single Taxpayers: Qualified
Dividends and Long-Term
Capital Gains
Tax Rate Income Bracket
096
O to 38,600
1596 38,601 to 425,800
2496
82,501 to 157,500
157,501 to 200,000
3296
2096
> 425,800
3596
200,001 to 500,000
37%
> 500,000
Alex will owe $ BLANK
in taxes on his investment income.
Answers: 2
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Type the correct answer in the box. Use numerals instead of words.
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