Business, 11.03.2020 21:33 ecob35

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?a. $11,000

b. $3,080

c. $1,650

d. $1,100

e. $0

Answers: 2

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Tom sold mutual fund shares he had owned 3 years so that he could use the proceeds to return to coll...