Suppose a high-income individual, subject to a 15 percent capital gains tax rate, sells 100 shares of company X for a price of $9 per share (purchased at $10 each) and 500 shares of company Y for a price of $51 per share (purchased at $50 each) . How much in capital gains tax will he pay?
A) $210
B) $75
C) $60
D) $3,690
Correct Answer:
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