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Jane and Blair are married taxpayers filing jointly and have 2019 taxable income of $100,000. The taxable income includes $5,500 of gain from a capital
- Jane and Blair are married taxpayers filing jointly and have 2019 taxable income of $100,000. The taxable income includes $5,500 of gain from a capital asset held seven months, and $8,000 of gain from a capital asset held four years. All of the capital assets were stock in publicly traded corporations. Jane and Blair also have qualified dividend income of $3,000.
- The couple's tax on taxable income using the alternative tax calculations is __________.
- The related tax savings from the alternative tax computation is __________.
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