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Barry buys 100 shares of MSFT stock on April 1, 2008, for $50,000. On June 1, 2009, he sells all 100 shares for $70,000.
Barry buys 100 shares of MSFT stock on April 1, 2008, for $50,000. On June 1, 2009, he sells all 100 shares for $70,000. Barry earns $150,000 per year. At what rate, if any, is this gain taxed? Briefly explain.
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
16th Edition
324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140
