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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. tristan
sold stock a for a short-term capital loss of $5,250;
sold stock b for a long-term capital gain of $4,250.
b. isolda
sold stock a for a $2,000 short-term gain;
sold stock b for a $6,000 long-term loss.
c. elsa is 65 years old and withdraws $1,000 from her
traditional ira account, she deposits $1,000 in her
roth ira.
d. gertrude
bought 100 shares of ibm in march 2006 for $100 a share
and sold 40 shares six months later for $120.
e. siegmunds traditional ira is currently worth $25,000.
he sold a stock in the account for $2,000. he had
purchased the stock for $1,000 in 2004.
f. sieglinde purchased 100 shares of baby at $15 on
september 10. she sold the shares for $12 on
september 15. she repurchased the shares on
september 20 for $10.
Answer
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