A client gave $22,700 to their son. Instead of giving cash, the parents gave shares of Apple stock. The parents bought the stock 5 years ago for 10.700. The very next day, the son sold all the Apple stock for $23,700. Parents are in the 15% long- term capital gains bracket and 22% short-term capital gains bracket. The son is in the 18.9% long term capital gains bracket and 32% short-term capital gains bracket. How much tax is due as a result of the sale and who pays it? $320 - son pays $2,860 - parents pay $4,160 - son pays $1.950 - parents pay $2.457 - Son Days