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Kate recognized a $25,700 net long-term capital gain and a $33,000 net short-term capital loss this year. What is her current net income tax cost
Kate recognized a $25,700 net long-term capital gain and a $33,000 net short-term capital loss this year. What is her current net income tax cost or savings from her capital transactions if her marginal rate on ordinary income is 32%?
Group of answer choices
A. $0
B. $960 net tax savings
C. $2,336 net tax savings
D. $3,450 net tax cost
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