Ane and blair are married filing jointly and have 2012, Ask an Expert

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ane and Blair are married filing jointly and have 2012 taxable income of $97,000. The taxable income includes $5,000 of gain from a capital asset held for five years, $2,100 of gain from a capital asset held seven months, and $13,000 of gain from a capital asset held four years. All of the capital assets were stock in publicly traded corporations. Jane and Blair also have qualified dividend income of $3,000. What is the couple's tax on taxable income?

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Accounting Basics, Accounting

Category:- Accounting Basics
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