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Question 37
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1 points
Cindy and Dean Smith are married and file a joint return. Cindy earned her regular nurse salary of $40,000 and $15,000 in overtime pay. Dean earned $8,000 as a house painter and received $1,200 in
tips. In addition, they earned $2,000 of long-term capital gains, $2,000 in short-term capital gains, $500 in qualified dividend income, and $85 in interest income.
What is the Smith's marginal tax rate on additional earnings if they earned an addition $100 in bank interest income?
0%
10%
15%
20%
None of the above
