Question
Stuart is in the 35 percent tax bracket. Recently, he sold that stock that he had held longer than a year for a gain of
Stuart is in the 35 percent tax bracket. Recently, he sold that stock that he had held longer than a year for a gain of $45,300. How much does Stuart pay on his gain?
Answer I got was 45300*0.20 = 9060 is this right?
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Management Accounting For Beginners
Authors: Nicholas Apostolides
1st Edition
0815351224, 978-0815351221
