An investor earns $138639 in the 2021/22 tax year. She purchases shares worth $4251 on 15 April
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Question:
An investor earns $138639 in the 2021/22 tax year. She purchases shares worth $4251 on 15 April 2021 and sold them for $10956 on 10 March 2022. What is her income tax payable, including capital gains tax, but excluding the 2% Medicare surcharge?
a. $37604
b. $37844
c. $38844
d. $36604
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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