Multiple Choice
Darla sold an antique clock in 2014 for $3,000.She had purchased the clock in 2009 for $2,000.If she is otherwise in the 35% marginal tax bracket,what is the maximum tax rate on the capital gain on the sale of the clock?
A) 5%
B) 15%
C) 28%
D) 20%
Correct Answer:
Verified
Correct Answer:
Verified
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