In november 2018, ben and betty (married, filing jointly) have a long-term capital gain of $54,000 on the sale of stock. they have no other capital gains and losses for the year. their ordinary income for the year after the standard deduction is $72,500, making their total taxable income for the year $126,500 ($72,500 + $54,000). what will be their 2018 total tax liability assuming a tax of $8,322 on the $72,500 of ordinary income? the tax rates on long-term capital gains are as follows: income level long-term capital gains rates married filing jointly $0–$77,200 0% $77,201–$479,000 15% > $479,000 20% a.$15,717 b.$8,322 c.$19,712 d.$16,422

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan