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Samuel Jenkins made two investments, the first was 14 months ago and the second was two months ago. He just sold both investments and has
Samuel Jenkins made two investments, the first was 14 months ago and the second was two months ago. He just sold both investments and has a capital gain of $11,500 on each. If Samuel is in the 28 percent tax bracket, what will be the amount of capital gains tax on each investment?
Investment 1 (held 13 months) $ tax due
Investment 2 (held 2 months) $ tax due
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