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Posted on May 19, 2024

On Tuesday you sold1,200 shares of Royal Bank for $93.75, which you purchased in 2016 for $67.45.You also sold800 shares ofSuncorfor $23.10, which you purchased

On Tuesday you sold1,200 shares of Royal Bank for $93.75, which you purchased in 2016 for $67.45.You also sold800 shares ofSuncorfor $23.10, which you purchased in 2018 for $39.80.Calculate your federal tax payable on these transactions if your marginal federal tax rate is 26%.

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