The following is a listing of tax considerations for John and Jane Alexander, who file jointly and have two children.
Assume the following hypothetical tax table:
The personal exemption rate is $3,050
The long-term capital gains rate for this family is 18%.
a. How much is the Alexanders' taxable income?
b. What is the tax on their ordinary income?
c. What is their capital gains tax?
d. What is their overall average tax rate including the tax on capital gains?
e. What is their marginal tax rate on ordinary income?

Question

The following is a listing of tax considerations for John and Jane Alexander, who file jointly and have two children. 
  Assume the following hypothetical tax table: 
  The personal exemption rate is $3,050 
The long-term capital gains rate for this family is 18%. 
a. How much is the Alexanders' taxable income? 
b. What is the tax on their ordinary income? 
c. What is their capital gains tax? 
d. What is their overall average tax rate including the tax on capital gains? 
e. What is their marginal tax rate on ordinary income?

Quizplus · Accepted Answer

The Answer of The following is a listing of tax considerations for John and Jane Alexander, who file jointly and have two children. 
  Assume the following hypothetical tax table: 
  The personal exemption rate is $3,050 
The long-term capital gains rate for this family is 18%. 
a. How much is the Alexanders' taxable income? 
b. What is the tax on their ordinary income? 
c. What is their capital gains tax? 
d. What is their overall average tax rate including the tax on capital gains? 
e. What is their marginal tax rate on ordinary income?

The Following Is a Listing of Tax Considerations for John