Harold, a single taxpayer, has 30000 of ordinary income after the standard deduction, and 10000 in long term capital gains, for total taxable income of 40000. For 2019, single taxpayers pay 0 percent on long term gains up to 39375. Assuming a tax of 3409 on the 30000 of ordinary income, what is harold's tax?

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Solution Amount Tax on Ordinary Income of 30000 3409 Add Tax on long term capital ga... View the full answer