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Capital Gains Tax.Thomas purchased 400 shares of stock A for $16 a share and sold them more than a year later for $ 13 per
Capital Gains Tax.Thomas purchased 400 shares of stock A for $16 a share and sold them more than a year later for $ 13 per share. He purchased 600 shares of stock B for $43 per share and sold them for $58 per share after holding them for more than a year. Both of the sales were in the same year. If Thomas is in a 25% tax bracket, what will his capital gains tax be for the year? If Thomas is in a 25% tax bracket, his capital gains tax for the year is $ _________?. (Round to the nearest dollar.)
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