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How much federal tax will jill pay on the capital gain

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Reference no: EM132995736

Problem 1: Jill purchased 200 shares of Acorn Inc at a price of $7.00 per share in January, 2019. She sold the 200 shares at a price of $9.00 in March, 2020. Jill reports $55,000 of income from employment. How much FEDERAL tax will Jill pay on the CAPITAL GAIN from selling the Acorn shares?

Select one:

a. $41.00
b. $11.55
c. $51.50
d. $32.50
e. $47.00

Reference no: EM132995736

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