Question: question 5 Help Save & E Cory recently sold his qualified small business stock for $90,000 after holding it for 10 years. His basis in

question 5 question 5 Help Save & E Cory recently sold his qualified small

Help Save & E Cory recently sold his qualified small business stock for $90,000 after holding it for 10 years. His basis in the stock is $40,000. Applying the rules as if the stock were acquired in 2020 and assuming his marginal tax rate is 32 percent, how much tax will he owe on the sale? Multiple Choice 53.750 $7000 $7500 $14,000 O None of the choices are correct

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