Multiple Choice
Jaiyoun sells Sec.1231 property this year,resulting in a $4,000 gain.This is the first time he has disposed of any Sec.1231 property.Jaiyoun's tax rate is 10%.His tax on the Sec.1231 gain will be
A) $0.
B) $400.
C) $600.
D) $1,120.
Correct Answer:
Verified
Correct Answer:
Verified
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