single taxpayer, $30.000 long term capital gain . Tax rate is 35% what rate will that...
single taxpayer, $30.000 long term capital gain . Tax rate is 35% what rate will that gain be taxed at?
Homework Answers
the rate is 0%.
REASON:
the tax bracket &rate for long term capital gain for single tax payer is 0% for 2019
0% for “$0 - $39,375”
the tax bracket &rate for long term capital gain for single tax payer is 0% for 2020
0% for “$0 - $40000”
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single taxpayer, $30.000 long term capital gain . Tax rate is 35% what rate will that...
Mr. Fox, a single taxpayer, recognized a $64,000 long-term capital gain, a $14,300 short-term capital gain,...
Mr. Fox, a single taxpayer, recognized a $64,000 long-term capital gain, a $14,300 short-term capital gain, and a $12,900 long-term capital loss. Compute Mr. Fox's income tax and Medicare contribution tax if his taxable income before consideration of his capital transactions is $441,000. Use Individual tax rate schedules and Tax rates for capital gains and qualified dividends. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) Tax on ordinary income Tax on income taxed at...
Mr. Fox, a single taxpayer, recognized a $64,000 long-term capital gain, a $14,300 short-term capital gain,...
Mr. Fox, a single taxpayer, recognized a $64,000 long-term capital gain, a $14,300 short-term capital gain, and a $12,900 long-term capital loss. Compute Mr. Fox’s income tax and Medicare contribution tax if his taxable income before consideration of his capital transactions is $421,000. Use Individual tax rate schedules and Tax rates for capital gains and qualified dividends. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.)
Jillian, a single taxpayer, has a net long-term capital gain for the year and it is...
Jillian, a single taxpayer, has a net long-term capital gain for the year and it is all made up of 25% long-term capital gain. She has positive taxable income for the year. Which of the following i not a positive tax rate that could be applied in taxing this gain as part of her taxable income? A) 0% B) 15% C) 20% D) 25% E) A. and C.
Income tax Net investment income tax Total tax liability Henrich is a single taxpayer. In 2019,...
Income tax Net investment income tax Total tax liability Henrich is a single taxpayer. In 2019, his taxable income is $453,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no answer blank Enter zero if applicable.) A. His $453,000 of taxable income...
Henrich is a single taxpayer. In 2019, his taxable income is 461000. What is his income...
Henrich is a single taxpayer. In 2019, his taxable income is 461000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. c. His 461000 of taxable income includes 61000 of long-term capital gain that is taxed at preferential rates Income tax------- Net investment income tax ------- Total tax liability --------- Please explain how you get the...
Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer....
Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2020, his taxable income is $450,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable.) a. All of his income is salary from his employer. Answer is not complete....
Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer....
Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2020, his taxable income is $450,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable.) a. All of his income is salary from his employer. Answer is not complete....
i need some explanation TAXPAYERS WITH LARGE LONG-TERM CAPITAL GAIN AND/OR DIVIDEND INCOME WHO FALL INTO...
i need some explanation
TAXPAYERS WITH LARGE LONG-TERM CAPITAL GAIN AND/OR DIVIDEND INCOME WHO FALL INTO THE 37% BRACKET IN 2019 A single taxpayer with $575,000 of total taxable income in 2019 has $25,000 of ordinary income but $550,000 of long-term capital gain and qualified dividend income from a vast array of investments. The taxpayer's 2019 federal income tax liability is: 1. Tax on $25,000 ordinary income at single rates.................$2,806 2. Tax on $14,375 of LTCG/dividends at 0%........................... 0 3....
Jamie is single. In 2020, she reported $90,525 of taxable income, including a long-term capital gain...
Jamie is single. In 2020, she reported $90,525 of taxable income, including a long-term capital gain of $5,000. What is her gross tax liability, rounded up to the nearest whole dollar amount? (Use the Tax rate schedules.) Select one: O a. $15,356 O b. None of the other choices O c. $15,806 O d. $14,606
Jamie is single. In 2019, she reported $101,000 of taxable income, including a long-term capital gain...
Jamie is single. In 2019, she reported $101,000 of taxable income, including a long-term capital gain of $5100. What is her gross tax liability, rounded to the nearest whole dollar amount?
Mr. Fox, a single taxpayer, recognized a $64,000 long-term capital gain, a $14,300 short-term capital gain, and a $12,900 long-term capital loss. Compute Mr. Fox's income tax and Medicare contribution tax if his taxable income before consideration of his capital transactions is $441,000. Use Individual tax rate schedules and Tax rates for capital gains and qualified dividends. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) Tax on ordinary income Tax on income taxed at...
Income tax Net investment income tax Total tax liability Henrich is a single taxpayer. In 2019, his taxable income is $453,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no answer blank Enter zero if applicable.) A. His $453,000 of taxable income...
Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2020, his taxable income is $450,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable.) a. All of his income is salary from his employer. Answer is not complete....
Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2020, his taxable income is $450,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable.) a. All of his income is salary from his employer. Answer is not complete....
i need some explanation
TAXPAYERS WITH LARGE LONG-TERM CAPITAL GAIN AND/OR DIVIDEND INCOME WHO FALL INTO THE 37% BRACKET IN 2019 A single taxpayer with $575,000 of total taxable income in 2019 has $25,000 of ordinary income but $550,000 of long-term capital gain and qualified dividend income from a vast array of investments. The taxpayer's 2019 federal income tax liability is: 1. Tax on $25,000 ordinary income at single rates.................$2,806 2. Tax on $14,375 of LTCG/dividends at 0%........................... 0 3....
Jamie is single. In 2020, she reported $90,525 of taxable income, including a long-term capital gain of $5,000. What is her gross tax liability, rounded up to the nearest whole dollar amount? (Use the Tax rate schedules.) Select one: O a. $15,356 O b. None of the other choices O c. $15,806 O d. $14,606
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