During the year, Inez, a single individual, recorded the following transactions involving capital assets.

Gain on the sale of unimproved land (held as an investment for 3 years) $3,000

Loss on the sale of a camper (purchased 2 years ago and used for family vacations) (5,000)

Gain on the sale of ADM stock (purchased 9 months ago as an investment) 4,000

Gain on the sale of a fishing boat and trailer (acquired 18 months ago at an auction 1,000

and used for recreational purposes)

1. If Inez has taxable income of $158,000, how much income tax results?
2. If Inez has taxable income of $35,000, how much income tax results?