uestion 27 of 75 r bought alocal artist's painting for S2.100. Several yea s later, Ben...

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uestion 27 of 75 r bought alocal artists painting for S2.100. Several yea s later, Ben sold it for $2.7 e picture will be taxed at The year Ben sold the painting, he as in the 15% tax bracket. Bens gain on 15% 25% 28% 33% Mark for follow up

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Answer 1

Answer #1

Answer:

Ben bought this painting for $2,100 and sold at $2,700

So the differential amount is the long term capital gain of $600

This long term capital gain will be taxable at the rate of 15% (the bracket in which Ben is falling)

Option A is correct.

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Answer 2

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uestion 27 of 75 r bought alocal artist's painting for S2.100. Several yea s later, Ben...

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uestion 27 of 75 r bought alocal artist's painting for S2.100. Several yea s later, Ben...

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Question 27 of 75 was in the 15% tax bracket, Ben's gain on Ben boughta local...

Telicia is a single taxpayer purchased a famous painting for 69000. Several years later, she sold...

Telicia, a single taxpayer, purchased a famous painting for $69,000. Several years later, she sold it...

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uestion 27 of 75 r bought alocal artist's painting for S2.100. Several yea s later, Ben...