Question
Bob (single) has stock that he sold for a $25,000 loss. His capital gains rate is 15% and his marginal rate is 25%. What is
Bob (single) has stock that he sold for a $25,000 loss. His capital gains rate is 15% and his marginal rate is 25%. What is the loss that is deducted on his tax return assuming no other capital transactions? (I am looking for the deduction, not the cash saved.)
| $6,250 | ||
| $3,750 | ||
| $3,000 | ||
| $25,000 |
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Financial Accounting Tools For Business Decision-Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Canadian Edition
0470833378, 978-0470833377
