Which of the following types of income are subject to a tax rate not provided for in the tax tables or tax rate schedules?

Question

Quizplus · Accepted Answer

Net long-term capital gains (in excess of short-term capital losses) and qualified dividend income are both subject to a tax rate not provided for in the tax tables or tax rate schedules. These types of income are subject to a special tax rate known as the capital gains tax rate. The capital gains tax rate is based on the taxpayer's income level and can range from 0% to 20%. The exact rate depends on the taxpayer's filing status and taxable income.

Which of the Following Types of Income Are Subject to a Tax