If Beth is a married filing jointly taxpayer and knows his taxable income will be $110,000 (before any long-term gains) how much tax would be imposed on Beth if she incurs a $40,000 capital gain or a $90,000 capital gain in 2022 or 2021. Please show calculations.

Answer rating: 100% (QA)

Answer To calculate the tax on capital gains for a married filing jointly taxpayer we need to co... View the full answer