Question: Problem 5 - 4 5 Part b ( Static ) b . What are the tax implications of the repayment if Ralph was in the

Problem 5-45 Part b (Static)
b. What are the tax implications of the repayment if Ralph was in the 35 percent tax bracket when he received the $15,000 payment
from Acme, but he was in the 24 percent tax bracket when he refunded $5,000 to Acme ?
Answer is not complete.
Problem 5-45 Part b (Static) b. What are the tax implications

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