Prepare a 2020 Form 1040 for Jorge Gomez, he is a single taxpayer. His SSN is 412-34-5670, and he lives at 5037 Circle Court, Crestview, IL 60543.

Wages from W2 $94,850

Taxable Int $250

Ordinary DIV $1,600

Capital Gain $1,000

Standard deduction for 2020 $12,400

Taxable income is $85,300.

I'm having a hard time calculating the Tax, line 16 of the form 1040, page 2.

I believe the capital gain of $1000 should be taxed at 15%