In 2001,Mrs.Qualley,contributed $100,000 in exchange for 1,000 shares of Little Corporation,which is a qualified small business.This year,Mrs.Qualley's only capital transaction was the sale of the 1,000 shares of Little qualified small business stock for $180,000.If Mrs.Qualley's marginal rate on ordinary income is 37%,compute the income tax on her capital gain from this sale.

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The Answer of In 2001,Mrs.Qualley,contributed $100,000 in exchange for 1,000 shares of Little Corporation,which is a qualified small business.This year,Mrs.Qualley's only capital transaction was the sale of the 1,000 shares of Little qualified small business stock for $180,000.If Mrs.Qualley's marginal rate on ordinary income is 37%,compute the income tax on her capital gain from this sale.