Question

Juan is a single taxpayer. he earned $45,000 in ordinary taxable income this year and has $10,000 in capital gains on an investment he held for 6 months. using the tables, what tax rate will juan pay on his investment income? single taxpayers: income brackets tax rate income bracket 10% 0 to 9,525 12% 9,526 to 38,700 22% 38,701 to 82,500 24% 82,501 to 157,500 32% 157,501 to 200,000 35% 200,001 to 500,000 37% > 500,000 single taxpayers: qualified dividends and long-term capital gains tax rate income bracket 0% 0 to 38,600 15% 38,601 to 425,800 20% > 425,800 a. 0% b. 10% c. 12% d. 15% e. 22%

Answer 1

The tax rate that Juan is going to pay on his investment income is going to be 10%.

What is a tax rate?

This is the percentage rate of tax that a person has to pay based on their income or their business.

The amount Juan has to pay on tax is from the fact that he is single and he also has a capital gain that is less than his income.

Read more on tax rate here:

https://brainly.com/question/24536022

#SPJ4