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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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