Sarah is filing as head of household and has 2020 taxable income of $27,000 which includes $3,000 of net long-term capital gain. The net long-term capital gain is made up of $1,000 25% gain and $2,000 0%/15%/20% gain. What is the tax on her taxable income? 

a. $2,598 

b. $2,718 

c. $2,848 

d. $3,240

Answer rating: 100% (QA)

ANS WER b 2 718 WORK ING Net long term capital gain 1 000 25 250 2 ... View the full answer