I cant figure out how to do this question. These are the rates we are using as well.

49. LO.8 During 2019, Chester (a married taxpayer filing a joint return) had the follow- niw ing transactions involving capital assets: Gain on the sale of an arrowhead collection (acquired as an investment at different times but all pieces have been held for more than 1 year) Loss on the sale of IBM Corporation stock (purchased 11 months ago as an investment) Gain on the sale of a city lot (acquired 5 years ago as an investment) oib $ 6,000 (4,000) 2,000 If Chester has taxable income of $127,500, how much income tax results? a. b. If Chester has taxable income of $75,000, how much income tax results? d Cindu Dater nermally have itemized deductions of 149.298.00+37% 45.69.50 3s% s00.000 200.000 so0.000 so0.000 150.9.50 37% so0.000 Married filing separately-Schedule Y-2 Married filing jointly or Qualifying widow(er)- Schedule Y-1 If taable of the of the If taxable amount But not income is Over over- amount The tax is t not over inceme is ver The tax is $ 9.525 Over 9,525 S 19.050 S 952.50 +12% 31,700 S 1.005.0012% 907.00 22% 9.525 19.050 38,700 7A00 4,453.50+ 22% 19.050 82.500 77.400 34700 82,500 165.000 14.009.50 24% 77400 157.500 82.500 165.000 28179.00 24% 157,500 315.000 32.089.50 + 32% 165.000 200.000 157.500 315.000 64.179.00 32% 400.000 200,000 45.689.50 +35% 315.000 300,000 200.000 91,379.00 35% 161,379.00 37% 400.000 600.000 400.000 300,000 80,689.50+ 37% 300,000 600.000 600.000 2019 Tax Rate Schedules Head of household-Schedule Z Single-Schedule X f taxable Income is: of the amount If taxable income is: Over of the But not amount But not The tax is: over- over- The tax is over Over Over $ 13,850 $ 9.700 $ 1,385.00 + 12% 13,850 52,850 9,700 13,850 970.00 + 12% 9,700 39,475 52.850 6,065.00 + 22% 52850 84,200 84200 4,543.00 + 22% 39,475 39475 12,962.00+24% 84.200 160.700 160.725 84.200 84.200 14,382.50+ 24% 84,200 31.322.00 +32% 160,700 160,700 204,100 160,725 204, 100 32.748.50 + 32% 160,725 46,628 50 + 35% 45.210.00+35% 204,100 S10.300 204,100 510.300 204, 100 204,100 510,300 S10.300 510,300 152.380.00 + 37% 153,798.50 + 37% 510.300 Married filing jointly or Qualifying widow(er)- Schedule Y-1 Married filing separately-Schedule Y-2 If taxable of the If taxable Income is: of the income is: Over- But not amount But not amount The tax is: over Over The tax is: over over- over- $ 19,400 $ 9,700 $ 1,940.00 + 12% 19,400 78,950 19.400 9,700 39.475 970.00 + 12% 9,700 78,950 168.400 9.086.00 + 22% 39.475 78,950 84,200 4,543.00 + 22% 39,475 168,400 321,450 28.765.00+ 24% 168.400 84,200 160,725 14,382.50+ 24% 84,200 321,450 408,200 65.497.00 + 32% 321.450 160.725 204,100 32,748.50 + 32% 160,725 408,200 612.350 93,257.00 + 35% 408.200 204,100 306,175 46.628.50 + 35% 204,100 612,350 164,709.50 + 37% 612.350 306,175 82.354.75 + 37% 306,175