9 Part 2 of 2 0.5 points Required Information Problem 7-42 (LO 7-2) (Algo) [The following...
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9 Part 2 of 2 0.5 points Required Information Problem 7-42 (LO 7-2) (Algo) [The following Information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased 7/10/2011 eBook 4/20/2012 Shares 540 440 Basis $ 23,760 21,912 1/29/2013 11/02/2015 640 390 24,064 16,848 Print If Dahlia sells 1,220 shares of Microsoft for $78,080 on December 20, 2021, what is her capital gain or loss in each of the following assumptions? (Do not round Intermediate calculations.) References Problem 7-42 Part-b (Algo) b. She uses the specific identification method and she wants to minimize her current-year capital gain. o 9 Part 2 of 2 0.5 points Required Information Problem 7-42 (LO 7-2) (Algo) [The following Information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased 7/10/2011 eBook 4/20/2012 Shares 540 440 Basis $ 23,760 21,912 1/29/2013 11/02/2015 640 390 24,064 16,848 Print If Dahlia sells 1,220 shares of Microsoft for $78,080 on December 20, 2021, what is her capital gain or loss in each of the following assumptions? (Do not round Intermediate calculations.) References Problem 7-42 Part-b (Algo) b. She uses the specific identification method and she wants to minimize her current-year capital gain. o
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