Alan has the following capital gains and losses during the current year:
If Alan's marginal tax rate is 33%,what is the effect of the capital gains and losses on his taxable income and income tax liability?
Income Tax Liability

A)$7,000 increase $2,310 increase
B)$8,000 increase $1,840 increase
C)$7,000 increase $1,400 increase
D)$8,000 increase $1,200 increase
E)$7,000 increase $1,050 increase

Question

Alan has the following capital gains and losses during the current year:
If Alan's marginal tax rate is 33%,what is the effect of the capital gains and losses on his taxable income and income tax liability?
Income Tax Liability

A)$7,000 increase $2,310 increase 
B)$8,000 increase $1,840 increase 
C)$7,000 increase $1,400 increase 
D)$8,000 increase $1,200 increase 
E)$7,000 increase $1,050 increase

Quizplus · Accepted Answer

The Answer of Alan has the following capital gains and losses during the current year:
If Alan's marginal tax rate is 33%,what is the effect of the capital gains and losses on his taxable income and income tax liability?
Income Tax Liability

A)$7,000 increase $2,310 increase 
B)$8,000 increase $1,840 increase 
C)$7,000 increase $1,400 increase 
D)$8,000 increase $1,200 increase 
E)$7,000 increase $1,050 increase

Alan Has the Following Capital Gains and Losses During the Current