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Title: Andrew and Jennifer are in the 22% marginal tax bracket. Three years ago they purchased 100 shares ...
Post by: usmc2rn on Mar 14, 2022
Andrew and Jennifer are in the 22% marginal tax bracket. Three years ago they purchased 100 shares of stock at $20 a share. In 2018, they sold the 100 shares for $29 a share. What is the amount of federal income tax they owe as a result of this sale?

▸ $135

▸ $165

▸ $225

▸ $435


Title: Andrew and Jennifer are in the 22% marginal tax bracket. Three years ago they purchased 100 shares ...
Post by: aliwchamoun on Mar 14, 2022
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