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Martha Is Unmarried with One Dependent and Files as Head

question 24

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Martha is unmarried with one dependent and files as head of household.She had 2014 taxable income of $45,000 which included $16,000 of 0%/15%/20% net long-term capital gain.What is her tax on taxable income using the alternative tax on net long-term capital gain method?


Definitions:

Absorption

The process by which one substance takes up or holds another substance at the interface between them or within its internal structure.

Photon Energy

The energy carried by a single photon, proportional to its frequency and inversely proportional to its wavelength.

Vacuum

A space devoid of matter, where the pressure is much less than atmospheric pressure.

Increasing Energy

Refers to a process or trend where the amount of energy in a system or particle becomes higher over time.

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