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Nate Sold Two Securities in 2019 Nate Has a 24% Marginal Tax Rate

Question 82

Multiple Choice

Nate sold two securities in 2019:  Purchased  Sold  Sales Price  Basis  MASH 1120185102019$12,000$10,000 KMZ 12220189222019$4,000$5,000\begin{array} { | l | c | c | r | r | } \hline & \text { Purchased } & { \text { Sold } } & \text { Sales Price } &{ \text { Basis } } \\\hline \text { MASH } & 1 - 1 - 2018 & 5 - 10 - 2019 & \$ 12,000 & \$ 10,000 \\\hline \text { KMZ } & 12 - 2 - 2018 & 9 - 22 - 2019 & \$ 4,000 & \$ 5,000 \\\hline\end{array} Nate has a 24% marginal tax rate.What is the additional tax resulting from the above sales?


A) $150
B) $240
C) $60
D) $300

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