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Assume That Joe (Single) Has a Marginal Tax Rate of 37

Question 25

Multiple Choice

Assume that Joe (single) has a marginal tax rate of 37 percent and decides to make the election to include preferentially-taxed capital gains and qualified dividends as investment income. What rate must Joe use when calculating the tax on these two items?


A) 20%
B) 25%
C) 28%
D) 37%
E) None of the choices are correct.

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