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Cory recently sold his qualified small business stock for $97000 after holding it for ten years. His basis in the stock is $33,000. Applying the
Cory recently sold his qualified small business stock for $97000 after holding it for ten years. His basis in the stock is $33,000. Applying the rules as itf the stock were acquired in 2017 and assuming his marginal tax rate is 35 percent, how much tax will he owe on the sale? Multiple Choice $4,800 $8,960 $9,600 $17,920 None of the choices are correct
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