Two separate taxpayers, each age 70, earn the following income from investments in their non-retirement account.

Akira is in the highest tax bracket, and Julio is in the lowest tax bracket. What are the differences in taxes they pay on each source of income?

Explain the answers in detail findings for the boxes below. How to a valuate the Tax and Nex Income for Akira and Julio for each of the different sources of incomes ?

Bank Interest of $450

Qualified Dividends $ 1200

Ordinary Dividends $1200

Long term capital gains $600

Short term capital gains $600

Savings Bonds (Higher education) $10,000

municipal Bonds interest $ 900

Thank you for showing me examples of how to process these tax total and net income totals for each of the items listed.