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A few days ago, Deanna Watson purchased 100 shares of Microsoft common stock for$35per share. Deanna is single, and her taxable income (after all deductions
A few days ago, Deanna Watson purchased 100 shares of Microsoft common stock for$35per share. Deanna is single, and her taxable income (after all deductions and exemptions) is $75,000.Compute the capital gains tax liability for the following situations: a. Deanna holds the stock for five months and then sells it for $40 per share. b. Deanna sells the stock for $45 per share 13 months after she purchased it. c. Deanna doesn't sell the stock until four years from today, when the selling price is $105 per share
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