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20 1 point Taxpayer is single, and his marginal tax rate on ordinary income is 32 percent. During the tax year, Taxpayer sells his coin
20 1 point Taxpayer is single, and his marginal tax rate on ordinary income is 32 percent. During the tax year, Taxpayer sells his coin collection and realizes a gain of $5,000 on the sale. Taxpayer realizes no other gains or losses during the year. Determine the Taxpayer's tax liability on the sale of the coin collection. 750 0 1400 1000
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