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Henry is single. In 2020, he reported $30,000 of taxable income, including a long-term capital gain of $10,000. At what rate will his long-term capital
Henry is single. In 2020, he reported $30,000 of taxable income, including a long-term capital gain of $10,000. At what rate will his long-term capital gain be taxed (use the tax rate schedules)? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. Multiple Choice 0% 10% 15% 25%
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