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Kendrick, Who Has a 35% Marginal Tax Rate, Had the Following

Question 51

Multiple Choice

Kendrick, who has a 35% marginal tax rate, had the following results from transactions during the year: Kendrick, who has a 35% marginal tax rate, had the following results from transactions during the year: After offsetting the STCL, what is (are) the resulting gain(s) ? A) $16,000 collectibles gain, $8,000 LTCG B) $20,000 collectibles gain, $4,000 LTCG C) $24,000 LTCG D) $20,000 collectibles gain, $8,000 LTCG After offsetting the STCL, what is (are) the resulting gain(s) ?


A) $16,000 collectibles gain, $8,000 LTCG
B) $20,000 collectibles gain, $4,000 LTCG
C) $24,000 LTCG
D) $20,000 collectibles gain, $8,000 LTCG

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