Quiz For Capital Gains Rates
▼ Question #1 of 5
A taxpayer buys stock in year 1 for $100. In year 3, the taxpayer sells the stock for $10,100. The taxpayer is currently in the 25% tax bracket. How much tax must the taxpayer pay on the sale of stock?
A.
$2,500
B.
Zero
C.
$1,500
D.
$2,525
E.
None of the above
