In 2023, Kevin
Chapter12: Alternative Minimum Tax
Section: Chapter Questions
Problem 24CE
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Question
In 2023, Kevin, a single individual, had the following income. He earned a salary of $99,000. He also received $1,000 of interest income from corporate bonds and $1,000 of interest income from municipal bonds. He also sold shares of stock in Kevin Corporation that he purchased three years ago for a
What would Kevin's tax be on the sale of Kevin Corporation stock?
Group of answer choices
A $80,435
B $100,000
C $80,385
D $164,932
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