Capital gains tax rates are as low as 0 percent for low-income or as high as 28 percent for higher income levels and certain types of assets, so long as the holding period is more than 12 months. Holding Tax Brackets/Assets Sold Tax on Capital gains period (2014) Less than All (10%, 15%, 25%, 28%, Same as ordinary 12 33%, 35%, and income months 39.6%) - any asset sold Over 12 10% and 15% - assets other 0% months than real estate and collectibles 25%, 33%, 35%, 39.6% 15%, or 20% (later only if in 39.6% tax bracket) Sale of depreciable real estate 25% on gain up to depreciation amount Collectibles 28% all gains from collectibles Treat each of the following cases as independent of the others. a. She sold stock for $4,795 that she purchased for $3,500 3 months earlier. Round the answer to the nearest cent. Tax savings should be preceded by a "-" sign. $ b. She sold bonds for $3,100 that she purchased for $2,000 3 years earlier. Round the answer to the nearest dollar. Tax savings should be preceded by a "-" sign. $ C. She sold stock for $2,380 that she purchased for $3,500 20 months earlier. Assume this to be the only Stock in Olivia's portfolio. Round the answer to the nearest cent. Tax savings should be preceded by a "-" sign. $ Capital gains tax rates are as low as 0 percent for low-income or as high as 28 percent for higher income levels and certain types of assets, so long as the holding period is more than 12 months. Holding Tax Brackets/Assets Sold Tax on Capital gains period (2014) Less than All (10%, 15%, 25%, 28%, Same as ordinary 12 33%, 35%, and income months 39.6%) - any asset sold Over 12 10% and 15% - assets other 0% months than real estate and collectibles 25%, 33%, 35%, 39.6% 15%, or 20% (later only if in 39.6% tax bracket) Sale of depreciable real estate 25% on gain up to depreciation amount Collectibles 28% all gains from collectibles Treat each of the following cases as independent of the others. a. She sold stock for $4,795 that she purchased for $3,500 3 months earlier. Round the answer to the nearest cent. Tax savings should be preceded by a "-" sign. $ b. She sold bonds for $3,100 that she purchased for $2,000 3 years earlier. Round the answer to the nearest dollar. Tax savings should be preceded by a "-" sign. $ C. She sold stock for $2,380 that she purchased for $3,500 20 months earlier. Assume this to be the only Stock in Olivia's portfolio. Round the answer to the nearest cent. Tax savings should be preceded by a "-" sign. $