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Please complete all of the requirements. thank you Paul, whose tax rate is 32%, sells each of the following assets for $220,000. Each case is

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Paul, whose tax rate is 32%, sells each of the following assets for $220,000. Each case is an independent case. (Click the icon to view each case) (Click the icon to view the capital gains and dividends rates table.) (Click the icon to view the tax rates table.) . For each independent case, enter the amounts into columns 1-2 to classify the gain/(loss). Then enter the amount into the appropriate tax rate to be used in columns 3-5. (If an input field is not used, leave the input field(s) empty. Do not enter a zero.) Sec. 1231 Gain (Loss) Ordinary Income Taxed at 32% Taxed at 25% Taxed at 20% Taxed at 15% Building purchased in 2003 for $240,000 with adjusted basis of $150,000 Enter any number in the edit fields and then click Check Answer Paul, whose tax rate is 32%, sells each of the following assets for $220,000. Each case is an independent case. - rates table More Info N Fored into the 1. Building purchased in 2003 for $240,000 with adjusted basis of $150,000. 2. Equipment purchased in 2015 for $290,000 with adjusted basis of $149,000. 3. Land purchased in 1996 for $70,000 to use as a building site. 4. Building purchased in 2002 for $160,000 with adjusted basis of $117,000. 5. Equipment purchased in 2016 for $190,000 with adjusted basis of $170,000. bunt pty. Do no Wat o Build 2003 adjus $150, Print Done Enter any number in the edit fields and then click Check Answer. - Pau Reference ho bs labi . For into Do Capital Gains and Dividends Capital gains and losses are assigned to baskets. Five possible tax rates will apply to most capital gains and losses: Ordinary income tax rates (up to 37% in 2019) for gains on assets held one year or less 28% rate on collectibles gains and includible Sec 1202 gains Preferential tax rates for gains on assets held for more than one year and qualified dividends based on the taxpayer's taxable income and filing status as shown in the following table: Preferential Rate Single Filing Jointly Head of Household 0% Up to $39,375 Up to $78,750 Up to $52.750 > $39,375 but not over > $78,750 but not > $52,750 but not over 15% $434,550 over $488,850 $461,700 Mor SA24.550 Duer SABA 850 Over SAR1 700 Buil 200 adi $15 2007 Ente Print Done Pay Reference - X i bs tab! For into Do year or less 28% rate on collectibles gains and includible Sec. 1202 gains Preferential tax rates for gains on assets held for more than one year and qualified dividends based on the taxpayer's taxable income and filing status as shown in the following table: Preferential Rate Single Filing Jointly* Head of Household 0% Up to $39,375 Up to $78,750 Up to $52,750 > $39,375 but not over > $78,750 but not > $52,750 but not over 15% $434,550 over $488,850 $461,700 20% Over $434,550 Over $488,850 Over $461,700 * The corresponding amounts if married filing separately are half of the amounts for filing jointly. The preferential rate is zero for taxable income up to $39,375 if married filing separately. Bui 2001 adj $15 Ente Print Done Pay Reference - ps tabl For into Do Single If taxable income is: The tax is: Not over $9,700 10% of taxable income. Over $9,700 but not over $39,475 $970.00 + 12% of the excess over $9,700, $4,543.00 + 22% of the excess over Over $39,475 but not over $84,200 $39,4 Over $84,200 but not over $14,382.50 + 24% of the excess over $160,725 $84,200 Over $160,725 but not over $32,748,50 + 32% of the excess over $204,100 $160,725 Over $204,100 but not over $46,628.50 + 35% of the excess over Bui 200 adj $15 Ente Print Done Pay 0 2 tabl Reference - X s ... For into Do Not over $9,700 10% of taxable income. Over $9,700 but not over $39,475 $970.00 + 12% of the excess over $9.700. $4,543.00 + 22% of the excess over Over $39,475 but not over $84,200 $39,475. Over $84,200 but not over $14,382.50 + 24% of the excess over $160,725 $84,200. Over $160,725 but not over $32,748,50 + 32% of the excess over $204,100 $160,725 Over $204,100 but not over $46,628.50 + 35% of the excess over $510,300 $204,100 $153,798.50 +37% of the excess over Over $510,300 .$510,300 ... Buil 200 adi $15 Ente Print Done

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