2a)

John bought 1,000 shares of Intel stock on October 18, 2020 for $35 per share plus a $750 commission he paid to his broker. On December 12, 2022, he sells the shares for $48.50 per share. He also incurs a $1,000 fee for this transaction. What is the gain/loss for John on the sale of his Intel stock?

2b)

Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years:

Microsoft common stock
Date Purchased	Shares	Basis
7/10/2009	400	$10,000
4/20/2010	300	$11,000
1/29/2011	500	$12,230
11/02/2013	250	$7,300

If Dahlia sells 800 shares of Microsoft for $40,000 on December 20, 2022, what is her capital gain or loss if she uses the FIFO method?

2c)

Matt and Meg Comer are married. They do not have any children. Matt works as a history professor at a local university and earns a salary of $70,000. Meg works part-time at the same university. She earns $41,000 a year. The couple does not itemize deductions and made no charitable contributions. Other than salary, the Comers only other source of income is from the disposition of various capital assets (mostly stocks). What is the Comers tax liability for 2022 if they report the following capital gains and losses for the year?

Short-term capital gains $9,000

Short-term capital losses ($2,000)

Long-term capital gains $15,000

Long-term capital losses ($6,000)

2d)

Christopher sold 100 shares of Cisco stock for $4,500 in the current year. He purchased the shares several years ago for $2,700. Assuming his marginal ordinary income tax rate is 24 percent, and he has no other capital gains or losses, how much tax will he pay on this gain?