Telicia, a single taxpayer, purchased a famous painting for $69,000. Several years later, she sold...
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Accounting
Telicia, a single taxpayer, purchased a famous painting for $69,000. Several years later, she sold it for $99,000. Telicia's marginal tax rate is 35%. Telicia's gain on the sale of the painting will be taxed at a rate of __________.
35%
28%
24%
12%
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