In 2001, mrs Quality, contributed $100,000 in exchange for 1,00 shares of little corporation, which is a

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In 2001, mrs Quality, contributed $100,000 in exchange for 1,00 shares of little corporation, which is a qualified small business. This year, Mrs. Qualley's only capital transaction was the sale of 1,000 shares of Little qualified small business stock for $180,000. If Mrs. Qualley;s marginal rate on ordinary income is 37%, compute the income on her tax capital gain for this sale.

A) 6,000

B) 22,400

C) 11,200

D) none

Posted Date: Dec 13, 2021 03:00 PM

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In 2001, mrs Quality, contributed $100,000 in exchange for 1,00 shares of little corporation, which is a

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Computation of total gain on sale of qualified small business stock is as follows S... View the full answer

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