Scott and Rachel are married and will file a joint return for 2021 During the year Rachel
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Question:
Scott and Rachel are married and will file a joint return for 2021 During the year Rachel sold 500 shares of XYZ she had owned in since 2018 and her gain is $4,845 The couple's taxable income is $124,000 at what rate will the gain on the sale of stock be taxed?
A. 0%
B. 15%
C. 20%
D. 22%
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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