On November $1,2022,$ Jamie $($who is single$)$ purchased and moved into her principle residence in Dallas, Texas. Jamie's employer transferred her to an office in Houston., Texas. On Feb $1,2023,$ Jamie sold her home for a $$45,000$ gain. What is the tax on the recognized gain if Jamie's marginal tax rate is $24\%$ and her capital gains tax is $15\%?$

Answer rating: 100% (QA)

To calculate the tax on the recognized gain from the sale of Jamies home we need to determine the ta... View the full answer