Question
Mr. and Mrs. Tomson's taxable income of $42,000 included the following capital gains: Short term gain on shares of Carnival Cruise LLC $3,000 Long term
Mr. and Mrs. Tomson's taxable income of $42,000 included the following capital gains:
Short term gain on shares of Carnival Cruise LLC $3,000
Long term gain on shares of Home Depot $2,000.
What tax rates will be applied to these gains?
| Gain on Carnival: 15%. Gain on Home Depot: 0%. | |
| Gain on Carnival: 28%. Gain on Home Depot 15%. | |
| Gain on Carnival: 15%. Gain on Home Depot: 15%. | |
| Gain on Carnival: 28%. Gain on Home Depot: 28% |
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Payroll Accounting 2019
Authors: Jeanette Landin, Paulette Schirmer
5th edition
125991707X, 978-1259917073
