Cason Is Filing as Single and Has 2016 Taxable Income

question 34

Multiple Choice

Cason is filing as single and has 2016 taxable income of $36,000 which includes $34,000 of 0%/15%/20% net long-term capital gain.What is his tax on taxable income using the alternative tax method? Note: Use the tax rate schedule rather than the tax table.

• A)$0
• B)$200
• C)$300
• D)$4,936
• E)None of the above

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