2 4 Points A single taxpayer who purchased a house for $300,000 and shares in company for $100,000 and later sells his house for $500.000 and shares for $50.000. The capital gains tax is 10%. Required: 1. Calculate the net capital gain or loss. 2. Calculate the capital gain tax after applying the $50.000 exemption Use the editor to format your answer urading Maximu