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Shasta Has the Following Capital Gains and Losses and Qualified

Question 108

Multiple Choice

Shasta has the following capital gains and losses and Qualified dividend income during the current year:
If Shasta's marginal tax rate is 33%,what is the effect of the above on her taxable income and income tax liability?
Income Tax Liability
Shasta has the following capital gains and losses and Qualified dividend income during the current year: If Shasta's marginal tax rate is 33%,what is the effect of the above on her taxable income and income tax liability? Income Tax Liability   A) $7,000 increase $1,050 increase B) $7,000 increase $1,310 increase C) $8,000 increase $1,590 increase D) $7,000 increase $1,960 increase E) $9,000 increase $1,850 increase


A) $7,000 increase $1,050 increase
B) $7,000 increase $1,310 increase
C) $8,000 increase $1,590 increase
D) $7,000 increase $1,960 increase
E) $9,000 increase $1,850 increase

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