Samuel Jenkins made two investments; the first was 14 months ago and the second was two months ago. He just sold both investments and has a capital gain of $6,500 on each. If Samuel is single and has taxable income of $40,000, what will be the amount of capital gains tax on each investment? See Capital Gains table and Taxable income rate table. Capital Gains Tax Investment 1 (held 14 months) Investment 2 (held 2 months) Married Rate on Taxable Single Taxpayers Taxpayers Filing Jointly Income Head of Households 10% Up to $9,525 Up to $19,050 Up to $13,600 12 $9,525-$38,700 $19,050-$77,400 $13,600-$51,800 22 $38,700-$82,500 $77,400-$165,000 $51,800-$82,500 24 $82,500-$157,500 $165,000-$315,000 $82,500-$157,500 33 $157,500-$200,000 $315,000-$400,000 $157,500-$200,000 35 $200,000-$500,000 $400,000-$600,000 $200,000-$500,000 37 $500,000+ $600,000+ $500,000+ Capital Gain Tax Rate Single Married Filing Jointly 0% Up $38,600 Up to $77,200 15% $38,600-$425,800 $77,200-$479,000 20% Over $425,800 Over $469,000