What is the tax on her taxable income

Assignment Help Accounting Basics
Reference no: EM132436505

Question - Sara is filing as head of household and has 2018 taxable income of $57,000, which includes $3,000 of net long-tem capital gain. The net long-term capital gain is made up of $1,000 25% gain and $2,000 0%/15%/20% gain. What is the tax on her taxable income using the alternative tax method? Note: Use the tax rate schedule rather than the tax table.

Reference no: EM132436505

Questions Cloud

What are the body fluid compartments : What are the body fluid compartments and the approximate percentages of body weight of each?
Create a column chart based on cells : Formulas that use functions should be used for calculated totals and Cells B8 through E8 should be formatted in the Total cell style.
Describe essential self : How could self-sacrifice and martyrdom be regarded evidence of a person who lacked an essential self?Describe essential self,Explain
What gain or loss does Lassen realize on the transaction : Lassen Corporation sold a machine to a machine dealer for $24,500. What gain or loss does Lassen realize on the transaction
What is the tax on her taxable income : The net long-term capital gain is made up of $1,000 25% gain and $2,000 0%/15%/20% gain. What is the tax on her taxable income
What is the amount and character of Alpha gain : Alpha bought the machinery a few years ago for $49,750 and has claimed $30,250 of depreciation expense. What is the amount and character of Alpha's gain
Write a short paper on Citizen Kane : Write a short paper on Citizen Kane, Casablanca, Double Indemnity, or The Best Years of Our Lives. edited enhances the sequence's impact and meaning.
What are the auditor responsibilities during an audit : What are the auditor's responsibility as it specifically relates to finding and uncovering fraud? What are the auditor responsibilities during an audit
Calculate the amount of kind unrelated business income : Kind, Inc., an exempt organization, leases land, a building, and factory equipment to Shirts, Inc. Calculate the amount of Kind unrelated business income

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd