1. Ben Shew, a single person, would pay $14,238 in taxes on $70,000 of taxable income. If he won $100 in the lottery, he would pay $14,263 in taxes. What is Ben's marginal tax rate?
10 percent
15 percent
25 percent
35 percent
2. Anne and Jose Ramero purchased 100 shares of ABC stock three years ago for $14 per share, paying commissions of $50. Last week they sold this stock for $20 per share and paid commissions of $110. How much is their taxable capital gain on this investment?
$2000
$1840
$600
$440