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During 2018, Erin has the following gains and losses: LTCG $10,000 LTCL 3,000 STCG 2,000 STCL 7,000 How much is Erins tax liability if she
- During 2018, Erin has the following gains and losses:
LTCG | $10,000 |
LTCL | 3,000 |
STCG | 2,000 |
STCL | 7,000 |
- How much is Erins tax liability if she is in the 12% tax bracket? Show and label all calculations. (3 points)
- If her tax bracket is 32% (not 12%)? Show and label all calculations.
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