Tax Rates for Net Capital Gains and Qualified Dividends Taxable income Rate Married Filing Jointly Married Filing Separately Single Head of Household Trusts and Estates 06 SO - 580.800 $0-$40,400 SO - $40,400 $0 $54,100 SO - 52.700 15% $80.801 - 5501,600 S40.401 - $250.800 $40,401 - $445.850 $54,101 - $473,750 $2,701 - $13,250 20% S501.601- $250.801- $145,851+ $473,751+ $13,251+ *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table met capital gains and qualified diy 2021 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,950 10% of taxable income $ 9,950 $ 40,525 $995 plus 12% of the excess over $9.950 $ 40,525 $ 86,375 $4,664 plus 22% of the excess over $40,525 $ 86,375 S 164,925 $14,751 plus 24% of the excess over $86,375 $164.925 $ 209,425 $33,603 plus 32% of the excess over $164.925 $ 209,425 S 523,600 S47,843 plus 35% of the excess over $209,425 $ 523,600 $157,804.25 plus 37% of the excess over $523,600 - Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,900 10% of taxable income $ 19.900 $ 81,050 S1.990 plus 12% of the excess over $19,900 S 81.050 S 172.750 $9,328 plus 22.9% of the excess over $81,050 $ 172.750 $329,850 $29,502 plus 2.4% of the excess over $172.750 $ 329,850 S 418,850 $67 206 plus 320 of the excess over $329,850 $ 418,850 S628 300$95.686 plus 35% of the excess over $418.850 S 628 300 $168,993,50 plus 37% of the excess over $629,300 Schedule Z-Head of Household i taxable income is over. But not over: O S 14.200 $ 14.200 S.54.200 5400 The tax is: 109 of taxable income $1,-20 plus Schedule Z-Head of Household The tax is: If taxable income is over: But not over: $ 0 $ 14,200 10% of taxable income $ 14,200 $ 54,200 $1,420 plus 12% of the excess over $14,200 $ 54,200 $ 86,350 $6,220 plus 22% of the excess over $54,200 $ 86,350 $ 164,900 $13,293 plus 24% of the excess over $86,350 $ 164,900 $ 209,400 $32,145 plus 32% of the excess over $164.900 $ 209,400 S 523,600 $46,385 plus 35% of the excess over $209,400 S523,600 $156,355 plus 37% of the excess over S523,600 $ Schedule Y-2-Married Filing Separately If taxable income is over. But not over: The tax is: 0 $ 9,950 10% of taxable income S 9950 $ 40,525 5995 plus 12% of the excess over $9.950 $ 40,525 $ 86,375 54.664 plus 229 of the excess over $40,525 $ 86,375 $164.925 $14,751 plus 2.4% of the excess over $86,375 $164.925 $ 209.425 $33,603 plus 32. of the excess over $164.925 $ 209 425 S314150 S47,843 plus 35 of the excess over $209,425 $314150 584,496.75 plus 37% of the excess over $314.150 Type here to search Matt and Meg Comer are married and file a joint tax return They do not have any children. Matt works as a history professor at a local university and earns a salary of $70,000. Meg works part-time at the same university. She earns $33,000 a year. The couple does not itemize deductions. Other than salary, the Comers' only other source of income is from the disposition of various capital assets (mostly stocks). (Use the tax rate schedules. Dividends and Capital Gains Tax Rates (Round your final answers to the nearest whole dollar amount.) a. What is the Comers tax liability for 2021 If they report the following capital gains and losses for the year? Short-term capital gains Short-term capital losses Long-term capital gains Long-term capital losses $ 9,000 (2.000) 15,000 (6,000) Total tax liability Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt works as a history professor at a local university and earns a salary of $70,000. Meg works part-time at the same university. She earns $33,000 a year. The couple does not itemize deductions. Other than salary, the Comers' only other source of income is from the disposition of various capital assets (mostly stocks). Use the tax rate schedules. Dividends and Capital Gains Tax Rates.) (Round your final answers to the nearest whole dollar amount.) b. What is the Comers' tax liability for 2021 if they report the following capital gains and losses for the year? Short-term capital gains Short-term capital losses Long term capital gains Long-term capital losses $ 1,500 0 13,000 (10,000) Total tax liability