Mike sold the following shares of stock in 2014:

What are the tax consequences of these transactions, assuming his marginal tax rate is (a) 33% and (b) 39.6%? Ignore the medicare tax on net investment income.

S Corp. O Corp. C Corp. K Corp. Date Purchased 7/25/2007 5/17/2008 1/04/2009 11/02/2013 Adjusted Basis $4,800 1,600 3,900 2,500 Date Sold 9/25 6/07 8/25 10/01 Sales Proceeds $9,500 1,100 7,500 1,800