During 2021, Beth has the following gains and losses:

LTCG $11,000

LTCL $3,000

STCG $2,000

STCL $7,000

Assume that the LTGC was realized from the sale of IBM stock held as an investment.

a. How much is Addison's tax liability if she is single with income of $38,000?

b. If her tax bracket is 32%?

c. If her taxable income is $425,000?

d.Demonstrate how, if at all, your answeres above would change if, instead of the stock described above the LTCG was realized from the sale of a collectible.

e. Demonstrate how, if at all, your answers to a. through c. above would change if, instead of the stock described above, the LTCG was realized from the sale of depreciable real property the entire gain from which is unrecaptured 1250 gain.