During 2014, Addison has the following gains and losses:
$\begin{array}{lr}
\text { LTCG } & \$ 10,000 \
\text { LTCL } & 3,000 \
\text { STCG } & 2,000 \
\text { STCL } & 7,000
\end{array}$
a. How much is Addison's tax liability if she is in the 15% tax bracket?
b. If her tax bracket is 33% (not 15%)?

Question

During 2014, Addison has the following gains and losses:
 $\begin{array}{lr}
\text { LTCG } & \$ 10,000 \
\text { LTCL } & 3,000 \
\text { STCG } & 2,000 \
\text { STCL } & 7,000
\end{array}$ 
a. How much is Addison's tax liability if she is in the 15% tax bracket?
b. If her tax bracket is 33% (not 15%)?

Quizplus · Accepted Answer

The Answer of During 2014, Addison has the following gains and losses:
 $\begin{array}{lr}
\text { LTCG } & \$ 10,000 \
\text { LTCL } & 3,000 \
\text { STCG } & 2,000 \
\text { STCL } & 7,000
\end{array}$ 
a. How much is Addison's tax liability if she is in the 15% tax bracket?
b. If her tax bracket is 33% (not 15%)?

During 2014, Addison Has the Following Gains and Losses LTCG $10,000 LTCL 3,000 STCG 2,000 STCL 7,000\begin{array}{lr}\text { LTCG } & \$ 10,000 \\\text { LTCL } & 3,000 \\\text { STCG } & 2,000 \\\text { STCL } & 7,000\end{array} LTCG LTCL STCG STCL ​$10,0003,0002,0007,000​

During 2014, Addison Has the Following Gains and Losses $\begin{array}{lr}\text { LTCG } & \$ 10,000 \\\text { LTCL } & 3,000 \\\text { STCG } & 2,000 \\\text { STCL } & 7,000\end{array}$