What will be his taxable capital gain


Problem: Kevin owns a country property that he purchased in 1967 for $30,000. The property was worth $25,000 at the end of 1971; he sold it this year for $155,000. Kevin does not use the principal residence exemption on this property. Using the tax-free zone method, what will be his taxable capital gain? O a) $62,500 O b) $65,000 O c) $83,333 O d) $130,000

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Taxation: What will be his taxable capital gain
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