Select the best answer ld if What capital gain tax rates wou

Select the best answer ld if What capital gain tax rates would apply on capital gains of $100,000 for a single parent with a qualifying chi their taxable income (without the capital gains) for 2018 is $310,000? 0 A. 0% O B. 10% C. 15% D. 20% Submit Answers Exit & Resume Later 99% Complete Exam, Question Q1

Solution

ANSWER = C) 15%

capital gain tax rates that would apply on capital gains of $100,000 for a single parent with a qualifying child if their taxable income for 2018 is $310000 = 15%

Based on tax rates on capital gain for the year 2018, the capital gain would be taxable at the rate of 15%