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Question 12 (1 point) In his will, Tony left $50,000 insurance to his daughter, Alice, aged 25, and shares worth $50,000 to his daughter Karen,
Question 12 (1 point) In his will, Tony left $50,000 insurance to his daughter, Alice, aged 25, and shares worth $50,000 to his daughter Karen, aged 27. The shares had an adjusted cost base of $10,000. Both Alice and Karen are in the top tax bracket. The year he died, the marginal tax rate of all three was 42%. How much will Karen get after tax (ignoring probate): $29,000 $33,200 $50,000 $41,600 Question 13 (1 point)
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