Diana sold mutual fund shares,which she had owned for 4 years,so that she could use the proceeds to travel across Europe with her son.Diana is in the 35 percent marginal tax bracket,and her capital gains from the sale were $30,000.Diana's tax liability on the gain is _____.
A) $10,500
B) $8,400
C) $6,000
D) $4,500
E) $1,500
Correct Answer:
Verified
Q22: The _ income is gross income less
Q23: Mark is not married and has dependent
Q24: Molly and Jason were married.Their only dependent
Q25: John and Charlotte are considering contributing $1,000
Q26: In 2015,the total Social Security tax rate
Q29: Which of the following statements is true
Q31: _ would be considered a part of
Q32: Taxable income is calculated by:
A)adding adjustments to
Q35: Sarah is a homeowner and a single
Q88: Your take-home pay is what you are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents