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Chapter 11 2. Jana just found out that she is going to receive an end-of-year bonus of $40,000. She is in the 25 percent marginal

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Chapter 11 2. Jana just found out that she is going to receive an end-of-year bonus of $40,000. She is in the 25 percent marginal tax bracket. Calculate her income tax on this bonus. Now assume that instead of receiving a bonus, Jana receives the $40,000 as a long- term capital gain. What will be her tax? Which form of compensation offers Jana the best after-tax return? Would your calculation be different if the gain was short-term rather than long-term

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