You are single and earns and income of $80,000 a year. Recently, you sold stocks that you had held longer than a year for a gain of $10,000. How much tax will you pay on this gain?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 44P
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You are single and earns and income of $80,000 a year. Recently, you sold stocks that you
had held longer than a year for a gain of $10,000. How much tax will you pay on this gain?

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