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Mathematics, 05.10.2019 04:00 johnnny7495

4. cecelia is an avid art collector who owns many original works of art. recently, she decided to sell an oil painting by norman rockwell. the buyer paid $500,000 for the painting. since cecelia had paid just $350,000 for the painting, she made a profit, or capital gain, on the sale. determine cecelia’s capital gain by subtracting $350,000 from $500,000. if the capital gain tax is 15 percent, you would calculate the tax bill by multiplying her capital gain by 0.15. how much tax did cecelia owe?

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