37. If this statement accurate concerning capital gains and losses.    A. Capital loss may be used to offset capital gain    B. A taxpayer filing single with taxable income of $30,000 will be taxed at 0% on their long-term capital gain.

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter3: Income Sources
Section: Chapter Questions
Problem 71P
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37. If this statement accurate concerning capital gains and losses. 
 
A. Capital loss may be used to offset capital gain 
 
B. A taxpayer filing single with taxable income of $30,000 will be taxed at 0% on their long-term capital gain. 
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