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Kevin purchased 1 0 0 shares of OAK stock for $ 5 , 0 0 0 on May 1 , 2 0 2 3 .

Kevin purchased 100 shares of OAK stock for $5,000 on May1,2023. He sold the shares on October4,2023 for $6,000. He has no current-year or carryover capital losses and his only other income for the year consisted of wages He will use the single filing statutus and his 2023 taxable income is $151,000 placing him in the 24% tax bracket. What amount of tax will Kevin owe on the gain from the sale of his shares of stock? (A) $150(B) $200(C) $240(D) $278

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