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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 7/10/2012
Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased 7/10/2012 4/20/2013 1/29/2014 11/02/2016 Shares 650 550 750 500 Basis $ 35,750 33,440 a. She uses the FIFO method. 36,450 27,100 If Dahlia sells 1,550 shares of Microsoft for $116,250 on December 20, 2022, what is her capital gain or loss in each of the following assumptions? Note: Do not round intermediate calculations.
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