How Much Tax Can Charles Save If He Holds Stock

question 38

Multiple Choice

How much tax can Charles save if he holds stock on which he has a $30,000 short-term gain until he can use the applicable 15 percent long-term capital gains tax rate? He is in the 25 marginal tax rate for individuals.

• A)$6,000
• B)$4,500
• C)$3,000
• D)$2,250

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