anhekb
anhekb
29.05.2020 • 
Mathematics

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%

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