Business, 01.12.2021 17:40 carlshiabrown

Christina's taxable income is $35,000, Charles' is $50,000, and Chris' is $500,000. Each of these taxpayers additionally earned $1,000 of long term capital gain income in 2019. All of the taxpayers file single. Which of the following answers is correct regarding the amount of tax liability assessed on the capital gain?a. Chris will pay $200 in tax. b. Charlie will pay $280 in tax. c. Each of the taxpayers would pay $150 in tax. d. Christina will pay $100.

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Christina's taxable income is $35,000, Charles' is $50,000, and Chris' is $500,000. Each of these ta...

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