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Posted by on Friday, October 19, 2012 at 12:02pm.

Mary buys $32,000 worth of gold, and sells it a year later for $41,000. If she is required to pay 23% capital gains tax on her profit, how much tax will she pay?

  • College Math - , Friday, October 19, 2012 at 1:07pm

    The profit is $41,000 - $32,000. Multiply this by 23%.

  • College Math - , Monday, January 11, 2016 at 1:58pm

    .2070%

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