subject
Business, 23.04.2021 09:40 angellove1707

Tasha is a single taxpayer. She has $90,000 in ordinary taxable income and $12,000 in capital gains on an investment she held for six years. 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
The tax rate Tasha will pay on her investment income is %.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer
Answers: 1
question
Business, 22.06.2019 09:50
Acar manufacturer uses new machines that automatically assemble an engine from parts fed to the system. the machine can regulate the speed ofassembly depending on the number of parts produced. which type of technology does this machine use? angenoem mense wat ons in matin en esta va ser elthe machine uses
Answers: 3
question
Business, 22.06.2019 11:30
Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.
Answers: 2
question
Business, 22.06.2019 12:20
If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation
Answers: 3
You know the right answer?
Tasha is a single taxpayer. She has $90,000 in ordinary taxable income and $12,000 in capital gains...
Questions
question
Mathematics, 10.03.2021 22:40
Questions on the website: 13722363