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An Investor Is in a 35 Percent Tax Bracket for Normal

Question 40

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An investor is in a 35 percent tax bracket for normal (ordinary)income.During the course of the year,he received $5,000 in dividends and had a $15,000 capital gains on stock he had held for 19 months.How much will his total tax be on this investment related income?

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All the income is taxed at 15 ...

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