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California taxes both long and short term capital gains _______. Select one: a. as regular income, at regular California income tax rates. b. at a

California taxes both long and short term capital gains _______.

Select one:

a. as regular income, at regular California income tax rates.

b. at a flat 20% tax rate.

c. as tax-exempt income.

d. at either a 5%, 9.3% or 13.3% tax rate, depending on California Adjusted Income.

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