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Augustus1 Augustus1
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7 years ago
Nate sold two securities in 2010:
   Purchased   Sold   Basis   Sales Price
MASH   1-1-2009   5-10-2010   $10,000   $12,000
KMZ   2-2-2009   9-22-2010   $5,000   $4,000

Nate has a 25% marginal tax rate. What is the additional tax resulting from the above sales?
A) $150
B) $200
C) $300
D) $400
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
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We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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MsLippyMsLippy
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Augustus1 Author
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#2
7 years ago
Your explanation helped, amazing amazing!
We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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