Amanda, Whose Tax Rate Is 32%, Has NSTCL of $25,000

question 1914

Multiple Choice

Amanda, whose tax rate is 32%, has NSTCL of $25,000, a $30,000 LTCG from sale of a rare coin held 15 months and a $18,000 LTCG from the sale of stock held for three years. By what amount will Amanda's tax liability increase?

• A) $4,300
• B) $4,100
• C) $5,880
• D) $3,450

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