Question
You bought 100 shares of X Inc. stock for $400 per share three years ago. if you sold all of the shars for $500 per
You bought 100 shares of X Inc. stock for $400 per share three years ago.
if you sold all of the shars for $500 per share and the marginal capital gains tax rate was 15%
while the ordinary marginal tax rate was 25%, what would be the tax on the sale?
a. $75
b. $25
c. $60
d. $15
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
