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Calculate the amount of taxes payable

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Question - Ankit is a resident of Quebec and in the highest marginal tax bracket. Ankit is trying to figure out his taxes payable based on the following sale of his stocks. Ankit has capital gains of $30,000 that were triggered in January of this year on the sale of other stocks and now has the sale of Fabulous Inc. Calculate the amount of taxes payable that Ankit will pay on the sale of his shares to date.

Reference no: EM133172398

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