document.write( "Question 227653: 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 #169232 by rfer(16322) $\"\"$ $\"About$

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8000*.15=$1200 \n" ); document.write( "

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