Table 1.4
Use the following tax rates and income brackets for 2012 to answer the following question(s).
-For a taxpayer in the 25% marginal tax bracket, a long-term capital gain realized in 2012 will be taxed at
A) 5%.
B) 10%.
C) 15%.
D) 25%.

Question

Table 1.4
Use the following tax rates and income brackets for 2012 to answer the following question(s). 
-For a taxpayer in the 25% marginal tax bracket, a long-term capital gain realized in 2012 will be taxed at
A) 5%. 
B) 10%. 
C) 15%. 
D) 25%.

Quizplus · Accepted Answer

According to Table 1.4, the tax rate for long-term capital gains for a taxpayer in the 25% marginal tax bracket is 15%. Therefore, the correct answer is C.

Table 1.4 Use the Following Tax Rates and Income Brackets for 2012