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in 2001, mrs Quality, contributed $100,000 in exchange for 1,00 shares of little corporation, which is a qualified small business. This year, Mrs. Qualley's only
in 2001, mrs Quality, contributed $100,000 in exchange for 1,00 shares of little corporation, which is a qualified small business. This year, Mrs. Qualley's only capital transaction was the sale of 1,000 shares of Little qualified small business stock for $180,000. If Mrs. Qualley;s marginal rate on ordinary income is 37%, compute the income on her tax capital gain for this sale.
A)6,000 B)22,400 C)11,200 D) none
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