1. Olta purchased stock last year as follows:

Month	Shares	Total Cost
May	80	$7,500
August	60	$6,000
October	55	$5,250

In November of this year, Olta sells 120 shares for $10,500. Olta cannot specifically identify the stock sold. The basis for the 120 shares sold is (rounded)

2. Cuff and Link, a married couple who file a joint tax return, have an AGI of $275,000 which includes $240,000 of combined salaries and $35,000 of investment income. They will pay Net Investment Income tax on the $35,000 of investment income of