Business, 28.02.2020 19:09 florenciaaxell4042

Tom sold mutual fund shares, which he had owned for 3 years, so that he could use the proceeds to return to college. Tom is in the 12% marginal tax bracket, and his capital gain from the sale was $12,000. How much tax does Tom owe on the gain?

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Tom sold mutual fund shares, which he had owned for 3 years, so that he could use the proceeds to re...