Nate Sold Two Securities in 2016 Nate Has a 25% Marginal Tax Rate

question 130

Multiple Choice

Nate sold two securities in 2016: $\begin{array}{|l|c|c|r|r|} \hline& \text { Purchased } &{\text { Sold }} & \text { Sales Price } &{\text { Basis }} \\\hline \text { MASH } & 1-1-2015 & 5-10-2016 & \$ 12,000 & \$ 10,000 \\\hline \text { KMZ } & 12-2-2015 & 9-22-2016 & \$ 4,000 & \$ 5,000\\\hline\end{array}$ Nate has a 25% marginal tax rate. What is the additional tax resulting from the above sales?

• A) $150
• B) $200
• C) $300
• D) $400

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