Suppose an individual named Dale has an income of $100,000 and will take the standard deduction ($13,800) when paying taxes at the end of the year. During the current tax year (2023), Dale decided to sell the stocks below. 

In addition to the stocks, Dale also received $500 of interest from treasury securities. The table provides data on the stock transactions. 

1) For the Amazon stock, how large is the capital gain? How much tax will Dale pay on the capital gain? 

2) For the Starbucks stock, how large is the capital gain? How much tax will Dale pay on the capital gain? 

3) For the treasury interest, how much tax will Dale pay?  

Answer rating: 100% (QA)

Here are the answers to the questions 1 For the Amazon stock Purchase price 20... View the full answer