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1. An investor earns $400 in dividends and $800 in capital gains over a year. If the tax rate on these earnings is 15%, whatis

1. An investor earns $400 in dividends and $800 in capital gains over a year. If the tax rate on these earnings is 15%, whatis the total tax that the investor is liable to pay on these earnings?

$60

$120

$180

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