Alva received dividends on her stocks as follows.

Amur Corporation (a French corporation whose stock is traded on an established u.S. securities market) $60,000

Blaze, Inc., a Delaware corporation 40,000

Grape, Inc., a Virginia corporation 22,000

a. Alva purchased the Grape stock three years ago, and she purchased the Amur stock two years ago. She purchased the Blaze stock 18 days before it went exdividend and sold it 20 days later at a $5,000 loss. Alva reported no other capital gains and losses for the year. She is in the 32% marginal tax bracket. Compute Alvas tax on her dividend income.

b. Alvas daughter, Veda, who is age 25 and who is not Alvas dependent, reported taxable income of $6,000, which included $1,000 of dividends on Grape stock. Veda purchased the stock two years ago. Compute Vedas tax liability on the dividends.