Question

what is the amount of tax calculated and shown on Holly's qualified dividends and capital gain tax worksheet

Answer 1

0% [if in the 10% or 15% brackets] and 15% [if in the 25% bracket or above]

Special 0% Rate

In 2018, qualified dividends and capital gains are subject to a 0% tax rate for taxable income up to $38,600 for single filers and $77,200 for joint filers.

With the new tax law, the 0% rate on dividends and capital gains no longer conforms exactly to the new standard tax brackets. But, basically, if you’re in the new 10% or 12% tax brackets, you’ll qualify for the 0% rate on dividends.