Laura is a single taxpayer. She has $35,000 in ordinary taxable income and $5,000 in capital gains on an investment she held for

Question

2 years ago

11

Laura is a single taxpayer. She has $35,000 in ordinary taxable income and $5,000 in capital gains on an investment she held for

2 years. Use the tables to complete the statement.
The tax rate Laura will pay on her investment income is ____

(Options in attached photo)

Mathematics

1 answer:

nikdorinn [45] · Answer 1 · 2023-06-23T18:18:02+03:00

ahemm ahemmm

the question is asking on her investment income, well, she only made 5000 bucks on investment gains or namely capital gains, the tax rate from the table on the right is 0% for 0 to 38600, so she'll pay 0%, she gets to keep her 5000 bucks, maybe get some new furniture.