If a single taxpayer with a marginal tax rate of 37% has a long-term capital gain, it is taxed at
A) 0%.
B) 20%.
C) 10%.
D) 15%.
B) 20%.
Single taxpayers with a marginal tax rate of 37% will have a 20% tax rate on long-term capital gains. The 37% marginal tax rate starts at $500,000 for a single individual, and the 20% long-term capital gain rate starts at taxable income of $425,800 for a single taxpayer.
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Indicate whether the statement is true or false
Ramirez Corporation sells two types of computer hard drives. The sales mix is 30% (Q-Drive) and 70% (Q-Drive Plus). Q-Drive has variable costs per unit of $90 and a selling price of $150. Q-Drive Plus has variable costs per unit of $105 and a selling price of $195. The weighted-average unit contribution margin for Ramirez is
A. $50 B. $71 C. $80 D. $81
Communication pointers include:
a. omit distracting words. b. use variety in your speaking. c. be complete but brief. d. All of the answers are correct.