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2 October, 10:38

Tom sold mutual fund shares he had owned 3 years so that he could use the proceeds to return to college. tom is in the 15% marginal tax bracket and his capital gains from this sale were $11,000. how much tax would tom owe on those gains?

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  1. 2 October, 11:00
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    Well it took me a while the answer i got was $550
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