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OpenStudy (anonymous):
Can someone explain this problem to me?: Eric’s income puts him in the second tax bracket (15%) last year. During the same year, he earned $515 in dividends and $65 in coupons on a municipal bond. In March, he purchased a common stock for $200. He sold the same stock six months later for $915. What is the total Eric will pay in taxes on last year’s investments?
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