1 ben shew a single person would pay 14238 in taxes on, Ask an Expert

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1. Ben Shew, a single person, would pay $14,238 in taxes on $70,000 of taxable income. If he won $100 in the lottery, he would pay $14,263 in taxes. What is Ben's marginal tax rate?

10 percent

15 percent

25 percent

35 percent

2. Anne and Jose Ramero purchased 100 shares of ABC stock three years ago for $14 per share, paying commissions of $50. Last week they sold this stock for $20 per share and paid commissions of $110. How much is their taxable capital gain on this investment?

$2000

$1840

$600

$440

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92408586

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