Diana sold mutual fund shares she had owned 4 years so that she could use the proceeds to travel across Europe with her son.Diana is in the 35% marginal tax bracket and her capital gains from this sale were $30,000.How much tax would Diana owe on those gains?
A) $10,500
B) $8,400
C) $6,000
D) $4,500
E) $1,500
Correct Answer:
Verified
Q95: You would typically not include _ in
Q96: You have owned and lived in your
Q97: _ income is gross income less tax
Q98: In 2014,the total social security tax was
A)2.9%.
B)6.2%.
C)7.65%.
D)12.4%.
E)15.3%.
Q99: A capital gain is the result of
A)selling
Q101: A _ would be most likely to
Q102: Itemized nonbusiness expenses do not include
A)charitable contributions.
B)state
Q103: Your average tax rate is your
A)adjusted gross
Q104: Which of the following offer tax preparation
Q105: Barney Smith has only one itemized deduction
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