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13. Samuel Jenkins made two investments, the first was 13 months ago and the second was 2 months ago. He just sold both investments and

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13. Samuel Jenkins made two investments, the first was 13 months ago and the second was 2 months ago. He just sold both investments and has capital gain of $3,000 on each. If Samuel is single and has taxable income of $40,000, what will be the amount of capital gains tax on each investment? (LO 4.5) Long-term capital gains (investments held more than a year) are taxed at a lower rate. 13. Samuel Jenkins made two investments, the first was 13 months ago and the second was 2 months ago. He just sold both investments and has capital gain of $3,000 on each. If Samuel is single and has taxable income of $40,000, what will be the amount of capital gains tax on each investment? (LO 4.5) Long-term capital gains (investments held more than a year) are taxed at a lower rate

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