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. Siegmund's 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 2012.

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.

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. Siegmund's 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 2012. 
 
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.

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The Answer of 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. Siegmund's 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 2012. 
 
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.

What Is the Federal Income Tax Owed by an Investor