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Amanda,whose Tax Rate Is 33%,has NSTCL of $25,000,a $30,000 LTCG

Question 29

Multiple Choice

Amanda,whose tax rate is 33%,has NSTCL of $25,000,a $30,000 LTCG from sale of a rare coin held 15 months and a $18,000 LTCG from the sale of stock held for three years.By what amount will Amanda's tax liability increase?


A) $3,450
B) $4,100
C) $6,440
D) $7,340

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