Jackie receives 100 shares of stock as a birthday gift from her Uncle Horace. Horace acquired the

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Jackie receives 100 shares of stock as a birthday gift from her Uncle Horace. Horace acquired the shares 22 years ago for $4 each. The stock’s value on Jackie’s birthday is $36 per share. She sells half her shares for $1,500 five months after her birthday and pays a broker $50 to complete the sale.

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