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Kaitlyn purchased one share of Northwest Energy stock for $200; one year later she sold that share for $400. The inflation rate over the year was 50 percent. The tax rate on nominal capital gains is 50 percent. What was the tax on Kaitlyn's capital gain?
a) $50
b) $75
c) $100
d) $200
Answers: 2
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Kaitlyn purchased one share of Northwest Energy stock for $200; one year later she sold that share f...
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