Christopher sold 100 shares of Cisco stock for $5,500 in the current year. He purchased...
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Accounting
Christopher sold 100 shares of Cisco stock for $5,500 in the current year. He purchased the shares several years ago for $2,200.
| assuming his marginal ordinary income tax rate is 28 percent, and he has no other capital gains or losses, how much tax will he pay on this gain? taxs to be paid ____________________ |
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