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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 Shares
Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares Basis 7/10/2012 640 $ 34,560 4/20/2013 540 32,292 1/29/2014 740 35,224 11/02/2016 490 26,068 If Dahlia sells 1,520 shares of Microsoft for $112,480 on December 20, 2022, what is her capital gain or loss in each of the following assumptions? Note: Do not round intermediate calculations. Problem 7-42 Part-a (Algo) a. She uses the FIFO method. Capital gain=
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