Question: Current Attempt in Progress More than a year ago, William purchased 130 shares of Stock A for $5 per share and 50 shares of Stock

Current Attempt in Progress More than a year ago, William purchased 130 shares of Stock A for $5 per share and 50 shares of Stock B for $25 per share. Darlig the current tax year, he sold the Stock A shares for 512 per share and the Stock 8shares for $22 per share. Neither stock paid any dividends. How much will he owe in capital gains tax, assuming he is in the highest marginal tax bracket for federal income taxes and that the applicable capital gains tax rate is 15 percent $

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