Question

what is the federal income tax owed by an investor in the 35 percent income tax bracket? the tax rate on long-term capital gains is 15 percent.

a. bob

owns a savings account that paid $350 in interest and

sold stock b for a long-term capital gain of $1,200.

b. bill

sold stock a for a short-term capital gain of $3,500;

sold stock b for a short-term capital loss of $3,100.

c. brian

sold stock a for a long-term capital gain of $3,700;

sold stock b for a long-term capital loss of $5,100.

d. barbara

sold stock a for a $6,000 short-term loss and

sold stock b for a $2,000 long-term gain.

e. robertas ira account collected interest of $1,000

and a bond paid her interest of $1,000.

Answer

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