Jillian, a single taxpayer, has a net long-term capital gain for the year, and it...
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Accounting
Jillian, a single taxpayer, has a net long-term capital gain for the year, and it is all made up of 25% long-term capital gain. She has positive taxable income for the year. Which of the following is not a possible tax rate that could be applied in taxing this gain as part of her taxable income?
Answer: 0% & 20%
Please explain.
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