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Capital Gains Tax. Stephen is in a 12 percent marginal tax bracket. In 2018, he sold stock that he had held for nine months for
Capital Gains Tax. Stephen is in a 12 percent marginal tax bracket. In 2018, he sold stock that he had held for nine months for a gain of $2,200. How much tax must he pay on this capital gain? How much would the tax be if he had held the stock for 20 months? The amount of tax he must pay on this capital gain is $ (Round to the nearest dollar.)
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