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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

  1. During 2018, Erin has the following gains and losses:

LTCG

$10,000

LTCL

3,000

STCG

2,000

STCL

7,000

  1. How much is Erins tax liability if she is in the 12% tax bracket? Show and label all calculations. (3 points)
  2. If her tax bracket is 32% (not 12%)? Show and label all calculations.

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