Question: A taxpayer filing as Single has $ 2 5 , 6 0 0 of taxable income. Included in gross income is a 1 0 9

A taxpayer filing as Single has $25,600of taxable income. Included in gross income isa1099-INT with Box 1interest income of $5,000,tax-
exempt interest of $3,000,and interest onU.S.savings bonds of $1,200.
Additionally, the taxpayer has a1099-DIV with dividend income of $3,000,of which $2,000is qualified dividends, and capital gains distributions of
$500.
Is the following statement accurate about this scenario?
the taxpayer will nbe taxed 0%

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