150 shares of Data stock bought for $15,000 on April 1 of year 2 and sold for $17,000 on May 28 of year 4.
a. If the taxpayer is a corporation with taxable income of $100,000 before these three property transactions, what is the corporation's total taxable income?
b. If the taxpayer is an individual in the 15 percent tax bracket before the three property transactions, what tax rate(s) will apply to the sale of gain assets?
c. How would your answer change if the taxpayer is in the 33 percent tax bracket?

Question

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The Answer of 150 shares of Data stock bought for $15,000 on April 1 of year 2 and sold for $17,000 on May 28 of year 4.
a. If the taxpayer is a corporation with taxable income of $100,000 before these three property transactions, what is the corporation's total taxable income?
b. If the taxpayer is an individual in the 15 percent tax bracket before the three property transactions, what tax rate(s) will apply to the sale of gain assets?
c. How would your answer change if the taxpayer is in the 33 percent tax bracket?

150 Shares of Data Stock Bought for $15,000 on April