An individual in the 24% federal income tax bracket and 15% long term capital gains tax bracket bought and sold the following securities during the year:

ABC Cost Basis of Stock $24,500 35,400 31,000 Proceeds of Sale $28,600 31,000 36,000 DEF GHI What are the taxes owed on the short-term capital gains? b) An individual in the 35 percent federal income tax bracket and 15 percent long-term capital gains tax bracket bought and sold the following securities during the year: Cost Basis of Stock Proceeds of Sale ABC $34,600 $28,600 DEF 29,400 31,000 GHI 21,500 19,000 What are the taxes owed or saved as a result of these sales