2. Taxes

a. On February 21, 2020 you purchased a bond for $9,700. On February 15, 2021, you sold the bond for $9,850. Your short-term capital gains tax rate is 34%. Your long-term capital gains tax rate is 15%. How much tax do you owe?

b. On February 15, 2020, you purchased 100 shares of stock for $40 per share. On February 22, 2021, you sold the stock for $50 per share. On March 2, 2020, you purchased 100 shares of a different stock for $80 per share. On March 13, 2021, you sold this stock for $75 per share. Your short-term capital gains tax rate is 34%. Your long-term capital gains tax rate is 15%. How much tax do you owe?

c. What is a wash sale?