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Planning #3 (similar to): Capital Gains 8 Question Help Capital Gains Tax. Joel purchased 100 shares of stock for $22 per share. During the year,
Planning #3 (similar to): Capital Gains 8 Question Help Capital Gains Tax. Joel purchased 100 shares of stock for $22 per share. During the year, he received dividend checks amounting to $147. Joel recently sold the stock for $33 per share. Joel is in a 33% tax bracket. What amount of taxes will he pay on his capital gain if he held the stock for less than a year? The capital gains tax, if he held the stock for less than a year, is $ . (Round to the nearest dollar.)
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