In September 2014, Eduardo Sells Stock He Purchased in October

question 68

Multiple Choice

In September 2014, Eduardo sells stock he purchased in October 2013 at a gain of $5,000. If Eduardo is in the 10% marginal tax rate bracket and he has no other capital asset sales in 2014, what is his tax on the sale of the stock?

• A) $ - 0 -
• B) $ 500
• C) $ 750
• D) $1,000
• E) $1,250

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