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Do the Math 4-10 Capital Gains Marylou Jackson makes $60,000 and she made two investments, the first was 18 months ago and the second was
Do the Math 4-10 Capital Gains Marylou Jackson makes $60,000 and she made two investments, the first was 18 months ago and the second was 9 months ago. She just sold both investments and has a capital gain of $3,000 on each. If Marylou is in the 22 percent tax bracket, what will be the amount of capital gain tax on each investment? Round your answers to the nearest dollar. Capital gain tax on the first investment: $ Capital gain tax on the second investment: $ (
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