Question: Chase will use the single filing status when he files his 2021 return. During the year, he sold 200 shares of ABC stock. He had

Chase will use the single filing status when he files his 2021 return. During the year, he sold 200 shares of ABC stock. He had owned the shares since 2019, and his gain on the sale was $1897. His taxable income is $37950. At what rate will the gain on the sale of the stock be taxed?

A. 0%

B. 12%

C. 15%

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