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During 2018, Dena has the following gains and losses: LTCG $4,000 LTCL $1,000 STCG $500 STCL $3,000 I. How much is Dena's tax liability if

During 2018, Dena has the following gains and losses:

LTCG $4,000

LTCL $1,000

STCG $500

STCL $3,000

I. How much is Dena's tax liability if she is in the 15% tax bracket? Please explain how the answer is so.

II. If her tax bracket is 33% (not 15%)? Please explain how the answer is so.

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