document.write( "Question 197228This question is from textbook
\n" ); document.write( ": Tom buys $20,000 worth of stock, and sells it eight months later for $28,000. If he is required to pay 15% capital gains tax on his profits, how much tax will he pay? \n" ); document.write( "

Algebra.Com's Answer #147845 by Mathtut(3670) $\"\"$ $\"About$

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His Profit is 28000-20000=8000
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\n" ); document.write( "15% is .15 in decimal form.....so tax is .15(8000)=$1200 \n" ); document.write( "

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