Multiple Choice
Suppose a high-income individual, subject to a 15 percent capital gains tax rate, sells 100 shares of company X and makes a loss of $500. She also sells 100 shares of company Y and makes a profit of $1,200. How much in capital gains tax will she pay?
A) $105
B) $75
C) $180
D) $255
Correct Answer:
Verified
Correct Answer:
Verified
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