Select the correct answer from each drop-down menu. Use the tables to complete the statements.

\begin{tabular}{|r|r|}
\hline Single Taxpayers: Income Brackets \\
\hline Tax Rate & Income Bracket \\
\hline [tex]$10 \%$[/tex] & 0 to 9,525 \\
\hline [tex]$12 \%$[/tex] & 9,526 to 38,700 \\
\hline [tex]$22 \%$[/tex] & 38,701 to 82,500 \\
\hline [tex]$24 \%$[/tex] & 82,501 to 157,500 \\
\hline [tex]$32 \%$[/tex] & 157,501 to 200,000 \\
\hline [tex]$35 \%$[/tex] & 200,001 to 500,000 \\
\hline [tex]$37 \%$[/tex] & [tex]$\ \textgreater \ 500,000$[/tex] \\
\hline
\end{tabular}

\begin{tabular}{|r|r|}
\hline \begin{tabular}{r}
Single Taxpayers: Qualified \\
Dividends and Long-Term \\
Capital Gains
\end{tabular} \\
\hline Tax Rate & Income Bracket \\
\hline [tex]$0 \%$[/tex] & 0 to 38,600 \\
\hline [tex]$15 \%$[/tex] & 38,601 to 425,800 \\
\hline [tex]$20 \%$[/tex] & [tex]$\ \textgreater \ 425,800$[/tex] \\
\hline
\end{tabular}

Rita has a taxable income of [tex]$\$[/tex] 85,000[tex]$. She sold stock after owning it for six months, resulting in a $[/tex]\square[tex]$. If she earned $[/tex]\[tex]$ 5,000$[/tex] on the sale of the stock, Rita must pay [tex]$\$[/tex][tex]$ $[/tex]\square$ in taxes on the gain.



Answer :

Rita has a taxable income of \[tex]$85,000. She sold stock after owning it for six months, resulting in a capital gain rate of 15%. If she earned \$[/tex]5,000 on the sale of the stock, Rita must pay \$750.0 in taxes on the gain.