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- Jill bought a house for $800,000 and sold it for $1 million after 5...

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Accounting

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- Jill bought a house for $800,000 and sold it for $1 million after 5 years. She made no improvement on the house. - When she was selling, she paid various fees and commissions; the total amount of such costs was 8% of the selling price. - Her average capital gain tax rate was 12% and her marginal capital gain tax rate was 15%. - She was single. - Her after-tax income increased by $ if she took home sale tax exemption

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