## Answers

Income from Salary | $ 139,000.00 |

Dividend Income | $ 14,000.00 |

Interest Income Home Depot Bonds | $ 3,500.00 |

Short term captial gain from sale of shares disney | $ 4,400.00 |

Long term captial gain from sale of shares google | $ 14,600.00 |

Gross Taxable Income | $ 175,500.00 |

Less Exemption | $ 4,000.00 |

Less Deduction | $ 7,500.00 |

Net Taxable Income | $ 164,000.00 |

Long Term Capital Gain tax @ 15 % | $ 2,190.00 |

Taxable Income excludind LTCG | $ 149,400.00 |

Tax as per federal rates and table on 149400 | $ 34,903.00 |

Total Tax Liablty ( 34903+2190) | $ 37,093.00 |

Marginal Tax Rate | 28.00% |

Average tax Rate | 21.14% |

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