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Jade Is a Single Taxpayer in the Top Tax Bracket,with

Question 119

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Jade is a single taxpayer in the top tax bracket,with salary of $550,000 and investment income of $100,000.She is considering the sale of some shares of stock which will result in a $50,000 gain.She purchased the shares three years ago.Taking all taxes into account,how much tax will she pay due to this gain?

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