Answered

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Juan is a single taxpayer. He earned $45,000 in ordinary taxable income this year and has $10,000 in capital gains on an investment he held for 6 months. Using the tables, what tax rate will Juan pay on his investment income? A. 0% B. 10% C. 12% D. 15% E. 22%

Sagot :

Answer:

B. 10%

Explanation:

abiolataiwo2015

If Juan is a single taxpayer. The tax rate that Juan will pay on his investment income is :10%.

What is tax rate?

Tax rate can be defined as the rate of percentage in which a person is taxed.

The tax rate that Juan will pay on his investment income is 10% reason being that his because he is single and his capital gain is $10,000 which is lesser that his taxable income.

Therefore the tax rate that Juan will pay on his investment income is : 10%.

Learn more about tax rate here:https://brainly.com/question/5022774

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