Laura is a single taxpayer. She has $35,000 in ordinary taxable income and $5,000 in capital gains on an investment she held for 2 years. Use the
tables to complete the statement.
Single Taxpayers: Income Brackets
Tax Rate
10%
12%
22%
24%
32%
35%
37%
Income Bracket
0 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
Income Bracket
Tax Rate
0%
15%
20%
The tax rate Laura will pay on her investment income is
0 to 38,600
38,601 to 425,800
> 425,800
%.