Cason Is Filing as Single and Has 2011 Taxable Income

question 120

Multiple Choice

Cason is filing as single and has 2011 taxable income of $38,000 which includes $36,000 of 0%/15% net long-term capital gain.What is his tax on taxable income using the alternative tax method?

• A) $0.
• B) $725.
• C) $5,700.
• D) $5,625.
• E) None of the above.

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Definitions:

Job Incentive

A motivational factor or benefits given to employees to encourage increased productivity.

Cognitive Psychology

The branch of psychology focusing on mental processes such as perception, memory, thought, and problem-solving, and how they may affect behavior.

Internal Mental Events

Psychological occurrences within the mind such as thoughts, feelings, and memories that are not observable by others.

Behaviourism

A branch of psychology focused on studying and modifying observable behaviors.