John is filing taxes individually, his salary is $102,000, he also received $5,000 on interest from its bank accounts, $750 on dividends from Abbot stocks, he received $10,000 from selling stocks from Tesla that were purchased 8 month ago for $7,500, and he received $16,000 on dividends and finally he sold stocks from Amazon for $17,000 and he bought them 2 years ago for $8,000. Standard deduction $12,000 Calculate a. Taxable income coming from short term b. Taxable income coming from long term & dividends c. Total Federal Tax owned d. Marginal Tax rate e. Average Tax rate Tax rate Taxable income Tax owed 10% $0 to $9,525 10% taxable income 12% $9,526 to $38,700 $952.50 plus 12% the amount over $9525 22% $38,701 to $82,500 $4453.30 plus 22% of the amount over $38700 24% $82,501 to $157,500 $14089.50 plus 24% of the amount over $82500 32% $157,501 to $200,000 $32089.5 plus 32% of the amount over $157500 35% $200,001 to $500,000 $45689.5 plus 35% of the amount over $200000 37% $500,001 or more $150689.50 plus 37% of the amount over$500000