1. Assume that Janet Leigh purchased stock that costs $12.25 per share and purchased 1,000 shares;

1. If Janet sold all shares for $21.75 after holding the stock for 15 months, and the single taxpayer was in the 39.6% bracket what are the taxes on this gain?

2. If Janet sold all shares for $19.50 after holding the stock for 8 months, and the single taxpayer was in the 39.6% bracket, what are the taxes on this gain?