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K A few years ago, you bought 1000 shares of HAL Corp. for $2 each. This tax year, you sold the shares for $32. If
K A few years ago, you bought 1000 shares of HAL Corp. for $2 each. This tax year, you sold the shares for $32. If your tax rate on regular (ordinary) income is 39.3%, how much will be your capital gains tax payable? Assume there are no commissions on the purchase or sale of shares. Your capital gains tax payable will be $ (Round to the nearest cent = $0.01.)
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