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hi. need on the this question. thank you 8. Compute the tax obligation for the following using Table 31 on page 55 . a. An
hi. need on the this question. thank you
8. Compute the tax obligation for the following using Table 31 on page 55 . a. An individual with taxable income of $59,000. b. A married couple with taxable income of $130,000. c. What is the average tax rate in part b ? In making many types of investments, an important consideration will be the tax consequences of your investment (taxes may be more significant than the brokerage commissions just discussed). This section is intended only as a brief overview of tax consequences. For more information, consult a tax guide. Consultation with a CPA, CFP (certified financial planner), or similar sources may also be advisable. Before we specifically talk about the tax consequences of investment gains and losses, let's briefly look at the tax rates for 2011. The rates are presented in Table 3-1. The values in the table will change very slightly each year for the rest of the decade. Be aware that the 2003 Tax Act, often referred to as the Bush Tax Act, expired at the end of 2010 and the U.S. Congress amended and extended most of the tax cuts. Capital gains taxes stayed the same and the tax brackets for 2011 were expanded
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