What amount of taxes will he pay on his capital gain

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Capital Gains Tax. Joel (from problem 1) is in a 25% tax bracket. What amount of taxes will he pay on his capital gain if he held the stock for less than a year?

How much would Joel (from problem 1) save in taxes if he held the stock for more than a year, assuming he sold it for the same amount?

Reference no: EM131301582

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