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How much is joe tax liability

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Reference no: EM132058806

Question - During 2014, Joe has the following gains and losses:

LTCG $20,000

LTCL 6,000

STCG 4,000

STCL 14,000

a. How much is Joe's tax liability if he is in the 15% tax bracket?

b. How much is Joe's tax liability if he is in the 33% tax bracket?

Reference no: EM132058806

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