Multiple Choice
Maya expects to report about $2 million of AGI and $1.7 million of taxable income.Her AGI is composed of $1.25 million of salary,and the balance is investment income.Maya is thinking about selling some stock before year-end.She purchased the stock three years ago and expects to recognize a $500,000 gain.How much federal tax will she pay in total on the stock gain?
A) $119,000
B) $100,000
C) $75,000
D) $198,000
Correct Answer:
Verified
Correct Answer:
Verified
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