Question: Telicia, a single taxpayer, purchased a famous painting for $69,000. Several years later, she sold it for $99,000. Telicias marginal tax rate is 33%. Telicias

Telicia, a single taxpayer, purchased a famous painting for $69,000. Several years later, she sold it for $99,000. Telicia’s marginal tax rate is 33%. Telicia’s gain on the sale of the painting will be taxed at a rate of_______.

A. 28%

B. 25%

C. 20%

D. 15%

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Question: Telicia, a single taxpayer, purchased a famous painting for $69,000. Several years later, she sold it for $99,000. Telicias marginal tax rate is 33%. Telicias

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