Question
Luke bought ABC stock on March 1, 2021, for $10,000. On May 1, 2023, he sold all the stock for $20,000 (after selling expenses). Luke
Luke bought ABC stock on March 1, 2021, for $10,000. On May 1, 2023, he sold all the stock for $20,000 (after selling expenses). Luke is a single filing taxpayer with taxable income of $52,300. What amount will he pay in capital gains tax?
A. $0 B. $1,500 C. $3,000 D. $5,000
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Effective Communications
Authors: Elearn
1st Edition
1138456136, 9781138456136
