Tanya is in the 33% tax bracket.She acquired 1,000 shares of stock in Swan Corporation seven years ago for $100 a share.In the current year,Swan Corporation (E & P of $1.2 million)redeems all of her shares for $160,000.What are the income tax consequences to Tanya if:

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The Answer of Tanya is in the 33% tax bracket.She acquired 1,000 shares of stock in Swan Corporation seven years ago for $100 a share.In the current year,Swan Corporation (E & P of $1.2 million)redeems all of her shares for $160,000.What are the income tax consequences to Tanya if:

Tanya Is in the 33% Tax Bracket