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You purchased 1 0 0 shares of stock for $ 2 5 per share. After 6 months you sold the shares for $ 3 7

You purchased 100 shares of stock for $25 per share. After 6 months you sold the shares for $37 per share. The ordinary income tax rate is 30%, capital gains tax rate is 15%.1. What is your gain or (loss) on the transaction? 2. What are the taxes owed, if any, on the transaction?

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