Genevieve sold 300 shares of stock on June 13,2014 for $52,400.She purchased the shares on the following dates:
December 19,2011 130 shares @ $90 per share
February 13,2012 80 shares @ $80 per share
November 21,2013 140 shares @ $70 per share
Assume these shares of stock sold were her only net investment income for 2014.
a.Determine the amount and character of the recognized gains or losses on the sale of the stock.
b.If Genevieve is in the 33% tax bracket,what is the amount of tax assessed on the sale of the stock considered long term?
c.If Genevieve is in the 15% tax bracket,what is the amount of tax assessed on the sale of the stock considered long term?
d.If Genevieve is in the 39.6% tax bracket,what is the amount of tax assessed on the sale of the stock considered long term?

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The Answer of Genevieve sold 300 shares of stock on June 13,2014 for $52,400.She purchased the shares on the following dates:
December 19,2011 130 shares @ $90 per share
February 13,2012 80 shares @ $80 per share
November 21,2013 140 shares @ $70 per share
Assume these shares of stock sold were her only net investment income for 2014.
a.Determine the amount and character of the recognized gains or losses on the sale of the stock.
b.If Genevieve is in the 33% tax bracket,what is the amount of tax assessed on the sale of the stock considered long term?
c.If Genevieve is in the 15% tax bracket,what is the amount of tax assessed on the sale of the stock considered long term?
d.If Genevieve is in the 39.6% tax bracket,what is the amount of tax assessed on the sale of the stock considered long term?

Genevieve Sold 300 Shares of Stock on June 13,2014 for $52,400.She