The taxable income includes 5000 of gain from a capital

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Jane and Blair are married taxpayers filing jointly and have 2014 taxable income of $97,000. The taxable income includes $5,000 of gain from a capital asset held five years, $2,100 of gain from a capital asset held seven months, and $13,000 of gain from a capital asset held four years. All of the capital assets were stock in publicly traded corporations. Jane and Blair also have qualified dividend income of $3,000. What is the couple's tax on taxable income?

Reference no: EM13584296

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