Emily is single and has earned both qualified and nonqualified dividends this year. Her taxable income is $125,000. Using this
information and the tables provided, determine how much tax Emily will pay on each type of dividend.
Type the correct answer in each box. Use numerals instead of words.
Single Taxpayers: Income Brackets
Tax Rate
10%
12%
22%
24%
32%
35%
37%
Income Bracket
O to 9,525
9,526 to 38,700
38,701 to 82.500
82,501 to 157.500
157.501 to 200.000
200,001 to 500.000
> 500,000
Single Taxpayers: Qualified Dividends
and Long-Term Capital Gains
Tax Rate
Income Bracket
0%
15%
20%
The tax rate on Emily's nonqualified dividends is
The tax rate on Emily's qualified dividends is
0 to 38.600
38,601 to 425,800
> 425,800
96. Her taxes on $500 in ordinary dividends will equal
96. Her taxes on $2,000 in qualified dividends will equal