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A woman sells her home for $450,000. She had purchased it for $300,000 and has...

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Accounting

A woman sells her home for $450,000. She had purchased it for $300,000 and has lived there for three years. How much will she owe to IRS due to the
gain on the sale?
A) None of the gain
B)20% of the gain
C)10% of the total price
D)10% of the gain
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