Christopher sold 260 shares of Cisco stock for $15,860 in the current year. He purchased...
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Accounting
Christopher sold 260 shares of Cisco stock for $15,860 in the current year. He purchased the shares several years ago for $9,880. Assuming his ordinary income tax rate is 24 percent and he has no other capital gains or losses, how much tax will he pay on this gain? (Use the dividends and capital gains tax rates and tax rate schedules.) Please show work
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