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Samuel Jenkins made two investments; the first was 13 months ago and the second was...

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Accounting

Samuel Jenkins made two investments; the first was 13 months ago and the second was two months ago. He just sold both investments and has a capital gain of $4,000 on each. If Samuel is single and has taxable income of $40,000, what will be the amount of capital gains tax on each investment? See Capital Gains table and Taxable income rate table. Investment 1 held 13 months and investment 2 held 2 months

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