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What is Harold tax

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Problem - Harold, a single taxpayer, has $30,000 of ordinary income after the standard deduction, and $10,000 in long-term capital gains, for total taxable income of $40,000. For 2018, single taxpayers pay 0 percent on long-term gains up to $38,600. Assuming a tax of $3,413 on the $30,000 of ordinary income, what is Harold's tax?

a. $3,413

b. $3,608

c. $3,623

d. $4,094

e. $4,743

Reference no: EM132704365

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