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
Correct Answer:
Verified
Correct Answer:
Verified
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