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
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
Correct Answer:

Verified
Correct Answer:
Verified
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