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Suppose you sell stock for $1,000 which you purchased 10 years ago for $400. Your combined marginal federal and provincial tax rate is 40 percent.
Suppose you sell stock for $1,000 which you purchased 10 years ago for $400. Your combined marginal federal and provincial tax rate is 40 percent. How much tax will you pay?
Multiple Choice
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$400
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$240
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$200
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$160
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$120
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Banking And Finance
Authors: Brian Duignan
1st Edition
1615308946, 978-1615308941
