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:
$\begin{array}{lc}
28 \% \text { long-term capital gain } & \$ 4,300 \
28 \% \text { long-term capital loss } & (2,000) \
0 \% / 15 \% / 20 \% \text { long-term capital gain } & 19,000 \
\text { Short-term capital loss } & (1,700)
\end{array}$ 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:
 $\begin{array}{lc}
28 \% \text { long-term capital gain } & \$ 4,300 \
28 \% \text { long-term capital loss } & (2,000) \
0 \% / 15 \% / 20 \% \text { long-term capital gain } & 19,000 \
\text { Short-term capital loss } & (1,700)
\end{array}$ 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:
 $\begin{array}{lc}
28 \% \text { long-term capital gain } & \$ 4,300 \
28 \% \text { long-term capital loss } & (2,000) \
0 \% / 15 \% / 20 \% \text { long-term capital gain } & 19,000 \
\text { Short-term capital loss } & (1,700)
\end{array}$ What is Harold's taxable income and the tax on that taxable income?

Harold Is a Head of Household,has $27,000 of Taxable Income