What would be the tax consequence of owning a mutual fund that made distributions of $600 resulting from short-term gains and $800 resulting from long-term gains assuming a 30 percent tax bracket and a 10 percent capital gains rate?
(a)$420
(b)$140
(c)$300
(d)$260

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The Answer of What would be the tax consequence of owning a mutual fund that made distributions of $600 resulting from short-term gains and $800 resulting from long-term gains assuming a 30 percent tax bracket and a 10 percent capital gains rate?
(a)$420
(b)$140
(c)$300
(d)$260

What Would Be the Tax Consequence of Owning a Mutual