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Cason Is Filing as Single and Has 2010 Taxable Income

Question 127

Multiple Choice

Cason is filing as single and has 2010 taxable income of $38,000 which includes $36,000 of 0%/15% net long-term capital gain.What is his tax on taxable income using the alternative tax method?


A) $0.
B) $800.
C) $1,837.
D) $5,681.
E) None of the above.

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