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Christopher sold 340 shares of Cisco stock for $26,180 in the current year. He purchased the shares several years ago for $15,640. Assuming his ordinary

Christopher sold 340 shares of Cisco stock for $26,180 in the current year. He purchased the shares several years ago for $15,640.

Assuming his ordinary income tax rate is 24 percent, and he has no other capital gains or losses, how much tax will he pay on this gain? (Use the dividends and capital gains tax rates and tax rate schedules.)

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