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6) Mary sold the following securities during 2018: Date Acquired Date Sold Sales Price Basis A 5-15-2013 4-30-2018 $ 8,000 $12,000 B 7-12-2018 11-1-2018 $

6) Mary sold the following securities during 2018:

Date Acquired

Date Sold

Sales Price

Basis

A

5-15-2013

4-30-2018

$ 8,000

$12,000

B

7-12-2018

11-1-2018

$ 4,000

$ 11,000

C

1-15-2018

7-18-2018

$16,000

$13,000

D

4-2-2014

11-21-2018

$40,000

$45,000

What is Marys adjusted net capital gain or loss result for the year? Show work

A) $0

B) $9,000 ANCG

C) -$13,000 ANCL

D) NSTCL of $3,000 and NLTCG of $15,000

8) Rose is a single mother (whose child lives with her all year round and is her dependent). She files her tax return as Head of Household. Her 2020 income from wages is $475,650. She has net long-term capital gains of $85,000. Total 2020 gross income is $560,350. Rose is under 65 years of age and does not itemize her deductions. What is Rose's total federal income tax? Show work

A) $112,829

B) $123,344.

C) $138,644

D) $149,701

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