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What is the federal income tax owed by an investor in the 35 percent income...

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Finance

What is the federal income tax owed by an investor in the 35 percent income tax bracket (15 percent tax on long-term capital gains and filing a joint return) if he receives $350 in dividends on a stock that does not qualify for the 15% dividend rate and sells another stock owned for over one year for a $1200 profit during the year? Select one:

a. $212.00

b. $302.50

c. $542.50

d. $310.00

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