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5 ) Molly is a local baker in Denver. Molly is in the 2 4 % tax bracket. In 2 0 2 0 , she
Molly is a local baker in Denver. Molly is in the tax bracket. In she has the following capital gains and losses:
Shortterm Capital Gains: $
Shortterm Capital Loss: $
Longterm Capital Gain: $
Longterm Capital Loss: $
a What is Mollys Net Shortterm Capital Gain?
b What is Mollys Net Longterm Capital Gain?
c Does Molly actually have a Net Capital Gain amount here? What will be the presumptive tax rate for the excess gain be
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