Hector is a single taxpayer in the 28% marginal tax bracket.In 2008,he sold stock shares for a long-term capital gain of $8,500.He also sold some financial services stock for a long-term capital loss of $2,000.In addition,he sold the home that he had lived in for the past 3 years and experienced a $15,000 gain on the house.How much will his net capital gains (or losses)be for 2008? How much will he pay (or save)in taxes as a result of these transactions?

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The Answer of Hector is a single taxpayer in the 28% marginal tax bracket.In 2008,he sold stock shares for a long-term capital gain of $8,500.He also sold some financial services stock for a long-term capital loss of $2,000.In addition,he sold the home that he had lived in for the past 3 years and experienced a $15,000 gain on the house.How much will his net capital gains (or losses)be for 2008? How much will he pay (or save)in taxes as a result of these transactions?

Hector Is a Single Taxpayer in the 28% Marginal Tax