If a single taxpayer with a marginal tax rate of 24% has a long-term capital gain,it is taxed at
A)0%.
B)20%.
C)25%.
D)15%.

Name: If a single taxpayer with a marginal tax rate of 24% has a long-term capital gain,it is taxed at A)0%. B)20%. C)25%. D)15%.
Brand: Quizplus
Rating: 4.9 (27 reviews)

Question

Quizplus · Accepted Answer

Long-term capital gains are typically taxed at a lower rate than ordinary income, and for a single taxpayer in the 24% marginal tax bracket, the tax rate for long-term capital gains is 15%. Therefore, choice D is the correct answer.

If a Single Taxpayer with a Marginal Tax Rate of 24