Assume ThatJoe (Single)has a Marginal Tax Rate of 37 Percent

question 24

Multiple Choice

Assume thatJoe (single) has a marginal tax rate of 37 percent and decides to make the election to include preferentially taxed capital gains and qualified dividends as investment income. What rate must Joe use when calculating the tax on these two items?

• A)20 percent.
• B)25 percent.
• C)28 percent.
• D)37 percent.
• E)None of the choices are correct.

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