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MC Qu. 69 Mr. Imhoff recognized a $25,700 net long-term... Mr. Imhoff recognized a $25,700 net long-term capital gain and a $33,000 net short-term capital

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MC Qu. 69 Mr. Imhoff recognized a $25,700 net long-term... Mr. Imhoff recognized a $25,700 net long-term capital gain and a $33,000 net short-term capital loss this year. What is his current year tax savings from the capital loss if his marginal rate on ordinary income is 35% and his preferential rate on adjusted net capital gain is 20%? Multiple Choice O $0 V $6,190 O $1,050

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