Cory recently sold his qualified small business stock (acquired in 2015) for $92,000 after holding it for

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Cory recently sold his qualified small business stock (acquired in 2015) for $92,000 after holding it for ten years. His basis in the stock is $38,000. Assuming his marginal tax rate is 35 percent, how much tax will he owe on the sale?

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Public Finance

ISBN: 978-0078021688

10th edition

Authors: Harvey Rosen, Ted Gayer

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Posted Date: Nov 27, 2018 02:48 AM

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Cory recently sold his qualified small business stock (acquired in 2015) for $92,000 after holding it for

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92000 38000 ... View the full answer

Public Finance

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