D-2 Appendix D Propiedades Estates and Trusts Tideicomisor If taxable income is over: But not over: The tax is: $ 0 $ 2,600 $ 2,600 $ 9,300 $ 9,300 $12,750 10% of taxable income $260 plus 24% of the excess over $2,600 $1,868 plus 35% of the excess over $9.300 $3,075.50 plus 37% of the excess over $12,750 $12,750 Tax Rates for Net Capital Gains and Qualified Dividends Rate Taxable income Married Filing Jointly Head of Household Trusts and Estates Single 0% 15% 20% $0 - $78,750 $78,751 - $488,850 $488,851+ Married Filing Separately $0 - $39.375 $39,376 - $244,425 $244.426+ $0-$39,375 $39.376 - $434,550 $434,551+ $0 - $52,750 $52,751 - $461,700 $461,701+ $0-$2,650 $2,651 - $12.950 $12.951+ *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified divi- dends are included in taxable income last for this purpose). Basic Standard Deduction Amounts Amount of Each Additional Standard Deduction for Taxpayers Who Are Age 65 or Blind 2018 2019 Amount Amount Married taxpayers $1,300 $1,300 Single taxpayer or head of household $1,600 $1,650 2018 2019 Filing Status Amount Amount Married Filing Jointly $24,000 $24.400 Qualifying Widow or Widower $24,000 $24.400 Married Filing Separately $12.000 $12.200 Head of Household $18,000 $18,350 Single $12.000 $12.200 *For individuals claimed as a dependent on another return, the 2019 standard deduction is the greater of (1) $1,100 or (2) $350 plus earned income not to exceed the standard deduction amount of those who are not dependents. Exemption Amount 2018 2019 $4.150 $4,200* *Used for qualifying relative gross income test. Corporations Rate Taxable income All 21% Return Submit 20 1 point Taxpayer and Spouse are a married couple filing jointly. For the taxable year, they claims the standard deductions, has no For AGI deductions and no QBID. The couple reports only the following items of gross income. Determine their Net Investment Income Tax liability. Salaries of $240,000 Interest income on corporate bonds of $42.000 Net long-term capital gains of $6,000 Type your answer... I Submit Previous 12:32 PM A 4 A 6/24/2020 arch here 8 6