Henry is single. In 2023, he reported $30,000 of taxable income, including a long-term capital...
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Accounting
Henry is single. In 2023, he reported $30,000 of taxable income, including a long-term capital gain of $10,000. At what rate will his long-term capital gain be taxed (use the tax rate schedules)?
a) 0%
b) 10%
c) 15%
d) 25%
PLEASE SHOW YOUR WORK, THANK YOU.
Sohodula Y_Cinola Tax Rates for Net Capital Gains and Qualified Dividends *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified divider included in taxable income last for this purpose)
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