Question
Tom sold mutual fund share he had owned 3 years so that he could use the precedes to return to college. Tom is in the
Tom sold mutual fund share he had owned 3 years so that he could use the precedes to return to college. Tom is in the 15% marginal tax bracket and his capital gains from this sale were $64,300. How much tax would Tom owe in those gains?
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To calculate the tax owed on capital gains we need to determine the applicable tax rate for longterm ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
