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What will he owe in taxes

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Question - Jaylen has recently benefited from an investment into a data analytics company. Being fearful of the markets, he is looking to sell his position. If he purchased the stock for $4/share and sold it for $16/share what is his Capital Gain. Assuming that Jaylen is in a 40% MTR and owned 100 shares, what will he owe in taxes.

Reference no: EM133091527

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