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Buckley, an individuat, began business two years ago and has never sold a 51231 asset. Buckley has owned each of the assets since he began

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Buckley, an individuat, began business two years ago and has never sold a 51231 asset. Buckley has owned each of the assets since he began the business. In the current year, Buckley sold the following business assets: Assuming Buckley's marginal ordinary income tax rate is 32 percent, answer the questions for the following alternative scenarios: Problem 11-47 Part-c (Static) Required: c1. Assume that the amount realized increased so that the building was sold at a $15,000 gain instead. What is the amount and character of Buckley's goins or losses for the current year? c2. Calculate Buckley's tox liability or tax savings for the year. Assume that the amount realized increased so that the buliding was sold at a $15,000 gain instead, What is the amount and character of Buckley's gains or losses for the current year? c1. Assume that the amount realized increased so that the bullding was sold at a $15,000 gain instead. What is the amount and character of Buckley's gains or losses for the current year? c2. Calcuiate Buckley's tax liability or tax savings for the year. Complete this question by entering your answers in the tabs below. Calculate Buckley's tax liability or tax savings for the year. What is the amount and character of Buckey's gains or losses for the current year? a1. What is the amount and character of Buckley's gains or losses for the current year? a2. Calculate Buckley's tax liability or tax savings for the year. Answer is complete and correct. Complete this question by entering your answers in the tabs below. Calculate Buckley's tax lability or tax savings for the year b1. Assume that the amount realized increased so that the bullding was sold at a $6,000 gain instead. What is the amount and character of Buckiey's gains or losses for the current year? b2. Calculate Buckley's tax liabulity or tax savings for the year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Assume that the amount realized increased so that the building was sold at a $6,000 gain instead. What is the amount and charscter of Buckiey's gains or losses for the current year? b1. Assume that the amount realized increased so that the building was sold at a $6,000 gain instead. What is the amount and character of Buckley's gains or losses for the current year? b2. Calculate Buckley's tax liability or tax savings for the year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate Buckley's tax lisbility or tax savings for the year

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