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Assuming a Tax Rate on Ordinary Income of 25% and a Long-Term

Question 99

Multiple Choice

Assuming a tax rate on ordinary income of 25% and a long-term capital gain rate of 10%, how much would you pay in taxes if you sold stock "A" for a $200 capital gain after holding it for 5 months, stock "B" for a $300 capital gain after holding it for 8 months, and stock "C" for a $500 capital gain after holding it for 14 months?


A) $250
B) $100
C) $130
D) $175

Correct Answer:

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