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31) Tina has a 32% tax rate. Her taxable income includes the following capital gains this year: STCG LTCG (Facebook stock) LTCG (qualified small business

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31) Tina has a 32% tax rate. Her taxable income includes the following capital gains this year: STCG LTCG (Facebook stock) LTCG (qualified small business stock acquired in 2005) LTCG (artwork) $20,000 40,000 20,000 10,000 What is the increase in income tax caused by these items (ignore the Medicare tax on net investment income)? 34) Trista, a taxpayer in the 32% marginal tax bracket sold the following capital assets this year: 250 shares of Bravo stock held 4 months (2,500) loss 20 shares of ABC stock held 3 months 4,000 gain 100 shares of K Corp stock held 22 months (1,700) loss Personal jewelry held 2 years 4,800 gain What is the amount of and nature of (LT or ST) capital gain or loss? Be specific as to the rates at which gains, if any, are taxed

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