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Perry Is in the 32% Tax Bracket

Question 133

Multiple Choice

Perry is in the 32% tax bracket. During 2018, he had the following capital asset transactions: Perry is in the 32% tax bracket. During 2018, he had the following capital asset transactions:   Perry's tax consequences from these gains are as follows: A)  (15% × $30,000)  + (32% × $4,000) . B)  (15% × $10,000)  + (28% × $30,000)  + (32% × $4,000) . C)  (0% × $10,000)  + (28% × $30,000)  + (32% × $4,000) . D)  (15% × $40,000)  + (32% × $4,000) . E)  None of these.
Perry's tax consequences from these gains are as follows:


A) (15% × $30,000) + (32% × $4,000) .
B) (15% × $10,000) + (28% × $30,000) + (32% × $4,000) .
C) (0% × $10,000) + (28% × $30,000) + (32% × $4,000) .
D) (15% × $40,000) + (32% × $4,000) .
E) None of these.

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