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19. Tina whose marginal tax rate is 25 percent, has the following capital gains this year: STCG $20,000 LTCG (General Electric stock) 40,000 LTCG (qualified
19. Tina whose marginal tax rate is 25 percent, has the following capital gains this year:
| STCG | $20,000 |
| LTCG (General Electric stock) | 40,000 |
| LTCG (qualified small business stock held more than 5 years | 20,000
|
| LTCG (artwork) | 10,000 |
What is the increase in tax caused by these items?
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Crash Course In Accounting And Financial Statement Analysis
Authors: Matan Feldman, Arkady Libman
2nd Edition
0470047011, 978-0470047019
