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Author Question: Darla sold an antique clock in 2016 for $3,000. She had purchased the clock in 2009 for $2,000. If ... (Read 57 times)

ghost!

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on: Sep 13, 2020

Question 1

Coretta sold the following securities during 2016:



What is Coretta's net capital gain or loss result for the year?
◦ NSTCL of $3,000 and NLTCG of $15,000
◦ $9,000 ANCG
◦ $0
◦ $12,000 ANCG

Question 2

Darla sold an antique clock in 2016 for $3,000. She had purchased the clock in 2009 for $2,000. If she is otherwise in the 33% marginal tax bracket, what is the maximum tax rate on the capital gain on the sale of the clock?
◦ 33%
◦ 15%
◦ 28%
◦ 20%
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by ghost! on Sep 13, 2020

yasmin

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ghost!

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

elyse44

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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