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What is the maximum rate at which it would be taxed

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Reference no: EM132039733

Question - Ted Thomas, a single taxpayer with no dependents, has the following transactions in 2015.

AGI $500,000

LTCG 18,000

LTCL (4000)

STCG 6000

STCL (8000)

What is Ted's net capital gain or loss?

If you answer to A was a net capital gain, what is the masxumum rate at which it would be taxed?

If his AGI were $25,000, what is the maximum rate at which it would be taxed?

Reference no: EM132039733

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