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David bought some shares of IBM stock at $4,000 three years ago. He just sold all of them for $5,000. If he is subject to

David bought some shares of IBM stock at $4,000 three years ago. He just sold all of them for $5,000. If he is subject to a tax rate of 35%, what is the tax on this investment income? $150 $200 $350 $600 $750 $1,400 $1,750 None of the above

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