What are the capital gain rates for California? 50% of the federal ordinary tax rates. The same as the California regular tax rates. The same as the federal capital gains tax rates. The same as the federal ordinary tax rates.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 6Q: What amount is payable to a state tax board if the original sales price is $3,000, and the tax rate...
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Qd 241.

What are the capital gain rates for California?
50% of the federal ordinary tax rates.
The same as the California regular tax rates.
The same as the federal capital gains tax rates.
The same as the federal ordinary tax rates.
Transcribed Image Text:What are the capital gain rates for California? 50% of the federal ordinary tax rates. The same as the California regular tax rates. The same as the federal capital gains tax rates. The same as the federal ordinary tax rates.
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