Chapter 16 - Question 6 : Thank you
2018 Tax Rate Schedules :
Single—Schedule X Head of household—Schedule Z If taxable incomeis: Over— But not over— The tax is: of the amount over— If taxableincome is: Over— But not over— The tax is:
of the amount over—$            0 $    9,525 ………10%$             0$            0 $ 13,600 ………10%$            0 9,525 38,700 $        952.50 112% 9,525 13,600 51,800 $     1,360.00 1 12%13,600 38,700 82,500 4,453.50 1 22% 38,700 51,800 82,500 5,944.00 122% 51,800 82,500 157,500 14,089.50 1 24% 82,500 82,500 157,50012,698.00 1 24% 82,500 157,500 200,000 32,089.50 1 32% 157,500157,500 200,000 30,698.00 1 32% 157,500 200,000 500,000 45,689.50 135% 200,000 200,000 500,000 44,298.00 1 35% 200,000 500,000 ………150,689.50 1 37% 500,000 500,000 ……… 149,298.00 1 37% 500,000Married filing jointly or Qualifying widow(er)— Schedule Y–1Married filing separately—Schedule Y–2 If taxable income is: Over—But not over— The tax is: of the amount over— If taxable income is:Over— But not over— The tax is: of the amount over—$            0 $ 19,050 ………10%$             0$            0 $    9,525 ………10%$            0 19,050 77,400 $     1,905.00 1 12% 19,0509,525 38,700 $      952.50 1 12% 9,52577,400 165,000 8,907.00 1 22% 77,400 38,700 82,500 4,453.50 1 22%38,700 165,000 315,000 28,179.00 1 24% 165,000 82,500 157,50014,089.50 1 24% 82,500 315,000 400,000 64,179.00 1 32% 315,000157,500 200,000 32,089.50 1 32% 157,500 400,000 600,000 91,379.00 135% 400,000 200,000 300,000 45,689.50 1 35% 200,000 600,000 ………161,379.00 1 37% 600,000 300,000 ……… 80,689.50 1 37% 300,000

Chapter 16 - Question 6 : I got the similar question from theChegg, but I am still don't understand. Please, help me on theexplain how to get the resutl on each calculate. Than you Jane andBlair are married taxpayers filing jointly and have 2018 taxableincome of $107,000. The taxable income includes $5,000 of gain froma capital asset held five years, $2,100 of gain from a capitalasset held seven months, and $13,000 of gain from a capital assetheld four years. All of the capital assets were stock in publiclytraded corporations. Jane and Blair also have qualified dividendincome of $3,000. Click here to access the tax rate schedules touse for this problem. Indicate whether the following items aresubject to the alternative tax computation. Select "Yes" if subjectto the alternative tax computation; otherwise select "No". a.$5,000 of gain from a capital asset held five years_____ b. $13,000of gain from a capital asset held four years _____ c. $3,000 ofqualified dividend income _____ d. $2,100 of gain from a capitalasset held seven months_____ The couple's tax on taxable incomeusing the alternative tax calculations is $_____. The related taxsavings from the alternative tax computation is $_____.