Multiple Choice
Trent bought a parcel of land for $20,000 in 1960 when the price index was 100; he sold it in 2016,when the price index was 600,for $100,000.If Trent must pay 20 percent of any capital gain in taxes,what is his after-tax real capital gain (in 2016 dollars) ?
A) -$64,000
B) -$36,000
C) -$16,667
D) -$3333
Correct Answer:
Verified
Correct Answer:
Verified
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