Ask Question
BusinessBusiness
20 November, 03:08

The capital gain rate for a couple filing MFJ with taxable income of $79,000 is:Choose one answer: a. 0% b. 15% c. 20% d. 28%

+5
Answers (1)
  1. 20 November, 04:58
    0
    Option (b) 15%

    Explanation:

    Data provided in the question:

    Couple is filing MFJ i. e Married Filing Jointly

    Taxable income = $79,000

    Now,

    According to MFJ, capital gains tax brackets are as follows

    Capital Gain Rate Income

    0% $0 to $78,750

    15% $78,751 to $488,850

    20% > $488,850

    Therefore,

    The taxable income of $79,000 lies in the bracket of 15% Capital Gain Rate

    Hence,

    Option (b) 15%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The capital gain rate for a couple filing MFJ with taxable income of $79,000 is:Choose one answer: a. 0% b. 15% c. 20% d. 28% ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Emma Company purchased a machine from Noah Corporation on October 31, 2016. In payment for the $234,000 purchase, Emma issued a one-year installment note to be paid in equal monthly payments of $20,791 at the end of each month.
Answers (1)
Under state law, a manufacturer must design a dangerous product so as to avoid harm to people who are using the product as intended or in an unintended but foreseeable way.
Answers (1)
The amount of the check is written in how many places?
Answers (1)
Is phoenix jackson one dimensional or multi-dimensional?
Answers (1)
2-B. A farmer estimates that if he harvests his soybean crop now, he will obtain 1,000 bushels, which he can sell at $3.00 per bushel.
Answers (1)
New Questions in Business
Recommendations for a successful pitch include all of these except: a. stand behind a podium b. maintain eye contact c. use colorful visual aids d. do a live demonstration of the product or service e.
Answers (1)
Suppose the U. S. Treasury issued $50 billion of short-term securities and sold them to the public. Other things held constant, what would be the most likely effect on short-term securities' prices and interest rates? A.
Answers (1)
Meals n' More, Inc., a catering company, requires its customers to pay by check. Lyra, a Meals n' More driver, tells customers that they can pay her with cash. When Meals n' More learns of Lyra's collections, it takes no action to stop it.
Answers (1)
According to the savings-investment spending identity: a) savings equals investment spending. b) savings equals investment spending plus consumption spending. c) government spending equals tax receipts.
Answers (1)
Between 1860 and 1900, railroads in the United States were Group of answer choices subject to laissez-faire treatment by government. resistant to the consolidation of corporate power. nearly shut down by labor unrest and strikes.
Answers (1)
Home » Business » The capital gain rate for a couple filing MFJ with taxable income of $79,000 is:Choose one answer: a. 0% b. 15% c. 20% d. 28%
Sign Up Forgot Password?