eBook Chapter 3 Financial Planning Exercise 3 Calculating taxes on security transactions IF Julia Diaz is single and in the 22% tax bracket, calculate the tax impact of each of the following security transactions. (Use the IRS regulations for capital gains in effect 2008) EXHIRIT 3.2 Capital Gains Tax as of 2018 Short-term gains from the sale or exchange of property investment assets not used in a business) and held for less than 12 months are taxed at the same rates as ondary income (10.12 22, 24, 325, 35%, and 37%). Long-term gains from the sale or exchange of property held for more than 12 months are taked as follows: Ordinary Tax Rate Alternative Capital Gains Tax Rate 10% or 12% 0% 229,24%, 32%, or 35% 155 37% 20% Treat each of the following cases as independent of the others. She sold stock for $4,095 that she purchased for $3,500 2 months earlier. Round the answer to the nearest cent. Tax saving should be preceded by b. She old bonds for $4,000 that she purchased for $3,500 3 years earlient Round the answer to the nearest dollar. Tax savings shoull be prended by 5 She sold stock for $1,350 that she purchased for $1,500 8 months. Assume this to be the only Stock in Arabe por Round the answer to the nearest cent Tax Savings should be preceded by a sign