Trisha, who is single and has taxable income of $300,000, sells the following capital assets in 2022 with gains and losses as shown:

a. Determine Trisha’s increase in income tax liability as a result of the three sales. All assets are stock held for investment. Ignore the effect of increasing AGI on deductions and phaseout amounts.
b. Determine her increase in income tax liability if the holding period for asset B is 8 months.
c. Determine her increase in income tax liability if the holding periods are the same as in Part a but asset B is an antique clock.
d. Determine her increase in income tax liability if her taxable income is $700,000.

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Asset A B C Gain or (Loss) $15,000 7,000 (3,000) Holding Period 15 months 20 months 14 months