Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Lauren has 1 dependent child and will file as head of household.In addition to income from wages,she has a 1000 capital gain from the sale
Lauren has 1 dependent child and will file as head of household.In addition to income from wages,she has a 1000 capital gain from the sale of stock that she owned for 8 months. Her taxable income is 72000,so her marginal tax rate is 22%. Lauren tax on her capital gain is:a) 0: b) 150:c) 220:d)280
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started