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Business, 26.08.2020 20:01 zakwanasim123

Donna, a single taxpayer, purchased an antique rug for $20,000 on April 1, 2015. On November 8, 2019, she sold the rug for $25,000. Donna's 2019 taxable income is $185,000, so her marginal tax rate is 32%. Donna's gain on the sale of the rug will be taxed at a rate of: a. 15% b. 20% c. 28% d. 32%

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Donna, a single taxpayer, purchased an antique rug for $20,000 on April 1, 2015. On November 8, 2019...
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