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Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased 7/10/2009

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Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased 7/10/2009 4/20/2010 1/29/2011 11/02/2013 Shares 520 420 620 370 Basis $21,840 20,076 22,072 15,244 If Dahlia sells 1,160 shares of Microsoft for $71,920 on December 20, 2019, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) a. She uses the FIFO method. The following information applies to the questions displayed below.) Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased 7/10/2009 4/20/2010 1/29/2011 11/02/2013 Shares 520 420 620 370 Basis $21,840 20,076 22.072 15.244 If Dahlia sells 1,160 shares of Microsoft for $71,920 on December 20, 2019, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) b. She uses the specific identification method and she wants to minimize her current year capital gain

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