The amount of tax he must pay on this capital gain

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Capital Gain Tax: Stephen is in 10 percent marginal tax bracket. in 2015, he sold stock that he had held for nine months for a gain of $ 1,000. How much tax must he pay on this capital gain? How much would the tax be if he had held the stock for 16 months?

The amount of tax he must pay on this capital gain is $ _. Round to the nearest dollar

Reference no: EM131356746

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