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In 2020, Simon is in the 22% tax bracket. He had the following capital asset transactions during the year: Long-term gain from the sale of
In 2020, Simon is in the 22% tax bracket. He had the following capital asset transactions during the year: Long-term gain from the sale of a stamp collection $11,000 Long-term gain from the sale of a stock investment 10.000 Short-term gain from the sale of a stock investment 2.000 His tax consequences from these gains are: a. (0% $10,000) - (22% $2.000) + (28% $11.000) b. (22% x $13,000) - (15% x $10,000) c. (28% x $11,000) + (20% $10,000) +(22% $2.000) d. (22% x $13,000) + (28% $11,000)
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