The Following Is a Listing of Tax Considerations for John

The following is a listing of tax considerations for John and Jane Alexander, who file jointly and have two children.
$\begin{array}{lc}\text { John's salary } & \$ 45,000 \\\text { Jane's salary } & 50,000 \\\text { Real estate taxes } & 4,000 \\\text { Interest from savings ac count } & 1,500 \\\text { Interest from Arizona bonds } & 2,000 \\\text { Interest on home mortgage } & 3,000 \\\text { Contributions to charities } & 1,500 \\\text { Gain on sale of stock held for } 5 \text { years } & 6,000\end{array}$ Assume the following hypothetical tax table:
$\begin{array}{ll}0-\$ 10,000 & 10 \% \\\$ 10,000-\$ 35,000 & 15 \% \\\$ 35,000-\$ 65,000 & 25 \% \\\text { over } \$ 65,000 & 30 \%\end{array}$ The personal exemption rate is $3,050
The long-term capital gains rate for this family is 18%.