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Mia Is a Single Taxpayer with Projected AGI of $250,000

Question 60

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Mia is a single taxpayer with projected AGI of $250,000 in 2014. She is considering selling a long-term investment before year-end. She expects to realize a gain of $25,000. If Mia sells the investment by December 31,her 2014 taxable income will increase by $25,000.

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