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Harry's is an ice-cream company that reported $850,000 in operating earnings in 2019. That same year, it sold some securities in the pharmaceutical industry for

Harry's is an ice-cream company that reported $850,000 in operating earnings in

2019. That same year, it sold some securities in the pharmaceutical industry for $55,000. It

had originally purchased the stock in 2013 for $40,000. Use a 34% tax rate to calculate taxes

due and after-tax earnings for Ben & Harry's for 2019.

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