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Diana Sold Mutual Fund Shares,which She Had Owned for 4

Question 27

Multiple Choice

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

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