Harold is a head of household, has $27,000 of taxable income in 2014 from non-capital gain or loss sources, and has the following capital gains and losses:
$\begin{array}{llr}
\text { $ 28 \% $ long-term capital gain } &\$4,300\
\text {$ 28 \% $ long-term capital loss } &(2,000)\
\text {$ 0 \% / 15 \% / 20 \% $ long-term capital gain } &19,000\
\text { Short-term capital loss } &(1,700)\
\end{array}$

What is Harold's taxable income and the tax on that taxable income?

Question

Harold is a head of household, has $27,000 of taxable income in 2014 from non-capital gain or loss sources, and has the following capital gains and losses:
 $\begin{array}{llr}
  \text { $ 28 \% $ long-term capital gain } &\$4,300\
 \text {$ 28 \% $ long-term capital loss  } &(2,000)\
 \text {$ 0 \% / 15 \% / 20 \% $ long-term capital gain  } &19,000\
 \text { Short-term capital loss } &(1,700)\
\end{array}$
 
What is Harold's taxable income and the tax on that taxable income?

Quizplus · Accepted Answer

The Answer of Harold is a head of household, has $27,000 of taxable income in 2014 from non-capital gain or loss sources, and has the following capital gains and losses:
 $\begin{array}{llr}
  \text { $ 28 \% $ long-term capital gain } &\$4,300\
 \text {$ 28 \% $ long-term capital loss  } &(2,000)\
 \text {$ 0 \% / 15 \% / 20 \% $ long-term capital gain  } &19,000\
 \text { Short-term capital loss } &(1,700)\
\end{array}$
 
What is Harold's taxable income and the tax on that taxable income?

Harold Is a Head of Household, Has $27,000 of Taxable