An investor is in the 33% tax bracket solve this general accounting question An investor is in the 33% tax bracket and pays long-term capital gains taxes of 15%. What are the taxesowed in the current tax year for the net short-termcapital gains of $3,000 and for the net long-termcapital gains of $4,000?

Step 1: Define Capital GainCapital gain is a profit on an asset that is caused by an increase in the…

Answered: An investor is in the 33% tax bracket…

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter3: Taxes On The Financial Statements

Section: Chapter Questions

Problem 11P

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Similar questions

Taxpayer Y, who has a 30 percent marginal tax rate, invested $65,000 in a bond that pays 8 percent annual interest. Compute Y’s annual net cash flow from this investment assuming that a. The interest is tax-exempt income.b. The interest is taxable income.
Use the following information to calculate the federal average tax rate (ignore tax credits) for a taxpayer who earned $115,000 from employment, and where bonds were sold for $20,000 during the year that originally cost $10,000: Taxable income Up to $47,630 On the next $47,629 On the next $52,408 On the next $62,704 Over $210,371 Select one: Tax Rate 15% 20.5% Based on the above, the average tax rate (ATR) is closest to: a. 19.15% b. 19,45% c. 20.5% d. 26.0% 26% 29% 33%
What is the amount of Taxes Owed for the period if the tax rate is 30%, if Earnings Before Taxes ( a.k.a. EBT, or pre-tax earnings) is 250,000?
If the tax rates are 15% on the first $50,000 of taxable income, and 20% on the next $25,000, and 25% on the next $25,000, what is the tax liability for an individual with $80,000 of taxable income, what is the marginal tax rate, and what is the average tax rate ? a. $10,250, 15%, and 20% b. $25,122, 22%, and 16% c. $11,345, 15%, and 34% d. $13,750, 25%, and 17.19%
"Your company will generate $470,000 in taxable income for 2020. Assume that your state tax rate is 7% and your federal tax rate is 21%. How much federal tax do you owe?"
An individual investor is subject to a 30 percent tax on dividends and 20 percent tax on capital gains, what is the effective tax rate for the investor? 10% O 13% 14%
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An investor who is in a 33% tax bracket for normal (ordinary) income buys a stock for $5,000 and sells it for $9,000. How much will her tax obligation be if she holds the stock for:(a) 6 months?(b) 14 months?
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An investor is in the 33% tax bracket and pays long- term capital gains taxes of 15%. What are the taxes owed in the current tax year for the net short-term capital gains of $3,000 and for the net long-term capital gains of $4,000?