Mathematics, 29.05.2020 15:58 Bowied6025
Matthew is a single taxpayer who earns $75,000 per year in taxable income working as an accountant. He has $2,000 in long-term capital gains on an investment
that cost him $10,000 to purchase. Compute the tax on his investment to determine the after-tax return on investment (ROI).
Single Taxpayers:
Qualified Dividends and
Long-Term Capital Gains
Income
Tax Rate
Bracket
0% 0 to 38,600
15%
38,601 to
425,800
20% > 425,800
A
14%
B. 16.5%
C 17%
D. 18.9%
E 20%
Answers: 3
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