Can you answer question d.

You are in the 28% marginal tax rate. Stock you purchased at the beginning of the year has increased in value by $29,000 a. If you sell the stock today, your capital gain will be classified as short-term. At what rate would you be taxed, and what would be your tax liability? Answer is complete and correct. % Tax rate Tax liability 28 8,120 $ b. If you waited a month, your capital gain would be classified as long-term At what rate would you be taxed, and what would be your tax liability given this scenario? Answer is complete and correct. Tax rate Tax liability 15 4.350 5 b. If you waited a month, your capital gain would be classified as long-term. At what rate would you be taxed, and what would be your tax liability given this scenario? Answer is complete and correct. % Tax rate Tuxlability 15 4,350 c. You earned a salary of $95,000, had interest income of $500, and dividend income of $160, and you experienced the short- term capital gain described in part a, above. What is your gross income? Answer is complete and correct. Gross Income S 124,660 d. You made a traditional IRA contribution of $2,000 and paid $750 in student loan interest. What is your adjusted gross Income (AGI) based on the gross income described in 4(c)? Answer is not complete. AGI