1. Gabby is planning a divorce, the terms of which will be settled in 2020. Under the expected terms of the divorce decree, she will pay alimony of $24,000 per year. Gabby's expected marginal tax bracket for 2020 is 24%. Gabby will have an after tax cost for the $24,000 payment of: 

2. 
 

Edward purchased stock last year as follows: Month Total Cost March July October Shares 100 200 600 $270 600 $1,200 In April of this year, Edward sells 80 shares for $250. Edward cannot specifically identify the stock sold. The basis for the 80 shares sold is