11) Jamie is single. In 2017, she capital gain of $5,000. What is her gross tax

Question

11) Jamie is single. In 2017, she capital gain of $5,000. What is her gross tax liability, rounded to the nearest whole dollar amount? (use the tax rate schedules in the text) A) $19,582 B) $20,982 C) $20,332 D) $15,000 12) Angelena files as a head of household. In 2017, she reported $51,400 of taxable income, including a $10,000 qualified dividend. What is her gross tax liability, rounded to the nearest whole dollar amount? (use the tax rate schedules in the text) A) $5,543 B) $5,633 C) $7,521 D) $7,102

Explanation / Answer

11.

12.

95000 of the taxable income is taxed at the ordinary rates : ( 95000 - 91900 ) * 28% + 18713.75 19581.75 5000 * 15% 750 gross tax liability $20331.75 $20332

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