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Cason Is Filing as Single and Has 2014 Taxable Income

Question 21

Multiple Choice

Cason is filing as single and has 2014 taxable income of $36,000 which includes $34,000 of 0%/15%/20% net long- term capital gain. What is his tax on taxable income using the alternative tax method?


A) $0.
B) $200.
C) $4,954.
D)
$300.
E) None of the above.

Correct Answer:

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