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In 2007, Duncan purchased 2,000 shares of stock for $50,000 in a midsize local company with gross assets of $15,000,000. In 2022 . Duncan sold

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In 2007, Duncan purchased 2,000 shares of stock for $50,000 in a midsize local company with gross assets of $15,000,000. In 2022 . Duncan sold the stock for $68,000. How is the gain treated for tax purposes? Multiple Choice $18,000 capital gain and texed at preferential rates $9.000 excluded from gross income under $1202 and $9,000 taxed at 28% $9,000 excluded from gross income under 51202 and $9,000 tawed at regular rates $13,500 exciuded from gross income under 51202 and $4,500 taxed ot preferential rates

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