Single Taxpayer Assignment

Mathematics homework help: Single Taxpayer Assignment: Akira, a single taxpayer, purchased a famous painting for $96,000. Several years later, she sold it for $126,000. Akira's marginal tax rate is 35%. Akira's gain on the sale of the painting will be taxed at a rate of ___ 28% 32% 35% 37%

Aamir bought a local artist's painting for $3,200. Several years later, Aamir sold it for $4,600. The year Aamir sold the painting, he was in the 22% tax bracket. Aamir's gain on the picture was taxed at _____ 12%    22%    24% 28%

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