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Barbara, whose marginal tax rate is 25%, has the following capital gains this year: STCG $30,000 LTCG (Apple stock) 40,000 LTCG (qualified small business stock

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Barbara, whose marginal tax rate is 25%, has the following capital gains this year: STCG $30,000 LTCG (Apple stock) 40,000 LTCG (qualified small business stock purchased in 2013) 40,000 LTCG (artwork) 10,000 What is the increase in tax caused by these items? : Virginia is single and provides you with the information for 2020 Salary $65,000 Bank account interest 1,000 Itemized deductions 5,900 Capital Transactions: Date acquired Date sold Basis Sales Price Sydney stock 2/15/2011 3/2/2020 $5,000 $7,000 Lawrence stock 4/2/2004 5/12/2020 $10,000 $14,500 Autumn stock 1/12/2020 8/10/2020 $6,300 $5,300 Collectibles 9/12/1994 9/1/2020 $300 $1,000 Compute her tax liability before withholdings are applied. [Show all calculations in good form.]

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