Question: 7) In 2020, Peter (single), contributed $100,000 in exchange for 1,000 shares of B Corp, which is a qualified small business. In 2026, Peter's only

7) In 2020, Peter (single), contributed $100,000 in exchange for 1,000

7) In 2020, Peter (single), contributed $100,000 in exchange for 1,000 shares of B Corp, which is a qualified small business. In 2026, Peter's only capital transaction was the sale of the 1,000 shares of B Corp qualified small business stock for $10,000. If Peter's marginal rate on ordinary income is 37% and his capital gains rate is 15% (not ignoring any additional taxes), compute the tax paid or saved on this sale. A. $16,920 Paid B. $21,624 Saved C. $19,610 Saved D. $0 (none paid or saved)

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