Hello, THANK YOU for choosing Just Answer. My goal is to help make your life...a little...LESS taxing.
Capital gain income from assets held one year or less is taxed at the ordinary income tax
rates in effect for the year. Please remember that there will be capital gains on the federal, as well as the state side. Based on your salary and the stock sale, if your filing status is single and your income will not exceed $83,600, for federal you will fall under the 25% tax bracket. For the state of California, your salary and the stock sale places you in the 10% tax bracket. Please note for federal, if your filing status is single and your income will be over $83,600, you will be in the 28% tax bracket.
I know that you wrote under $10,000 but for math calculations, I will use $10,000....
Federal: $2,500 ($10,000 x 25%)
State: $1,000 ($10,000 x 10%)