In the current year, Jeanette, an individual in the 24% marginal tax bracket, recognized a...
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Accounting
In the current year, Jeanette, an individual in the 24% marginal tax bracket, recognized a $20,000 long-term capital gain. Also, in the current year, Parrot Corporation, a calendar year C corporation, recognized a $20,000 long-term capital gain. Neither taxpayer had any other property transactions in the year. What tax rates are applicable to these capital gains?
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