How much of jasons gain is taxable


This year, Jason sold some qualified small business stock he held for more than five years. His basis in the stock was $95,000 and he sold it for $30,000 gain. How much of Jason's gain is taxable?

a) $0

b) $15,000

c) $30,000

d) $47,500

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Accounting Basics: How much of jasons gain is taxable
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