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v The tax on $3,600 of profit on a capital asset is deferred. A person in a 40 percent tax bracket will have to pay
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The tax on $3,600 of profit on a capital asset is deferred. A person in a 40 percent tax bracket will have to pay what amount of taxes when the asset is sold? (Round your answer to the nearest whole number.) Multiple Choice $1440 $920 $1240 $3,600 $2.160 Step by Step Solution
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