1. Ryan, a lawyer, purchases shares of corporate stock for $20,000 in December of Year 1. At the end of Year 2, they are worth $17,000. He sells the shares in October of Year 3 for $13,000.Describe Ryan's tax consequences with respect to the purchase and ownership of the shares under both SHS notions of income and under current law.

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2. Geier Textbook - Chapter 1

Page 43

Questions 2 - Use the information from this question (Sheila and Shane) to complete page 1 (only) of Form 1040. We will complete page 2 next week.

This form can be found at irs.gov. Use the form for 2015. You can hand write to complete the form or complete electronically. Make up address and social security numbers. Decide on filing status. The purpose of this exercise is to get you familiar with the irs.gov website and with form 1040.

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3. Geier Textbook - Chapter 1

Page 43

Questions 2 - Use the information from this question (Sheila and Shane) to complete page 2 (only) of Form 1040. This form can be found at irs.gov. Use the form for 2015. You can hand write to complete the form or complete electronically. You completed page 1 of the Form 1040 last week. For page 2, you will need to become familiar with the tax tables. You may either take the standard deduction or itemize deductions (Schedule A). If you itemize deductions, assume that state tax withheld was $7,000. Assume that federal tax withheld is $30,000.

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4. From the Geier textbook, answer the Problem on page 175 of Chapter 6.

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Geier Textbook link - https://www.cali.org/sites/default/files/2015Geier_Tax_0.pdf

please answer 4 questions above.