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Richard sold $20,000 worth of stocks that were purchased one year ago for $18,000. He is in a 22% tax bracket. Jack's capital gains taxes

Richard sold $20,000 worth of stocks that were purchased one year ago for $18,000. He is in a 22% tax bracket. Jack's capital gains taxes are: Multiple Choice $2,000. there is no tax on capital gains. $110. $220. $440.

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