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Telicia, a single taxpayer, purchased a famous painting for $69,000. Several years later, she sold it for $99,000. Telicia's marginal tax rate is 35%. Telicia's gain o…

Telicia, a single taxpayer, purchased a famous painting for $69,000. Several years later, she sold it for $99,000. Telicia's marginal tax rate is 35%. Telicia's gain o…
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Telicia, a single taxpayer, purchased a famous painting for $69,000. Several years later, she sold it for $99,000. Telicia's marginal tax rate is 35%. Telicia's gain on the sale of the painting will be taxed at a rate of

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User Jarnbjo
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8.6k points

1 Answer

4 votes

Answer:

28%

Step-by-step explanation:

Please see attachment

Telicia, a single taxpayer, purchased a famous painting for $69,000. Several years-example-1
answered
User Alan Mimms
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8.5k points
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