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Tom Johnson, whose marginal tax rate on ordinary income is 22%, sold four investment assets resulting in the following capital gains and losses. Short-term capital
Tom Johnson, whose marginal tax rate on ordinary income is 22%, sold four investment assets resulting in the following capital gains and losses. Short-term capital gain $ 3,800 Short-term capital loss $ (5,000) Long-term capital gain $ 39,000 Long-term capital loss $ (35,100) How much of Tom's net capital gain is taxed at 15%? Multiple Choice 0 $42,800 0 $3,900 0 $2,700 0
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