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Henry Sold the Following Stock During the Year

Question 2

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Henry sold the following stock during the year.He is in the 33 percent tax bracket for his ordinary income.How are the stocks reported on Henry's tax return? Henry sold the following stock during the year.He is in the 33 percent tax bracket for his ordinary income.How are the stocks reported on Henry's tax return?   A) $19,800 of net long-term gain taxed at zero percent and $200 short-term gain taxed at the 33 percent rate. B) $19,800 of net long-term gain taxed at 15 percent and $200 short-term gain taxed at the 33 percent rate. C) Net $20,000 of long-term gain taxed at 15 percent D) Net $20,000 of long-term gain taxed at 33 percent


A) $19,800 of net long-term gain taxed at zero percent and $200 short-term gain taxed at the 33 percent rate.
B) $19,800 of net long-term gain taxed at 15 percent and $200 short-term gain taxed at the 33 percent rate.
C) Net $20,000 of long-term gain taxed at 15 percent
D) Net $20,000 of long-term gain taxed at 33 percent

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