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An investor purchases $300,000 of a stock on January 1st. On December 31st, the stock is worth $500,000. If the investor does not sell the
An investor purchases $300,000 of a stock on January 1st. On December 31st, the stock is worth $500,000. If the investor does not sell the stock, and personal income tax rates on equity are 30%, what does the investor pay in incomes taxes with regard to this investment? Responses $150,000 $150,000 $0 $0 $90,000 $90,000 $60,000
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