-Esterina purchased stock last year as follows:

Month	Shares	Total Cost
September	50	$ 6,000
October	50	$12,750
November	100	$30,000

In December of this year, Esterina sells 80 shares for $15,500. Esterina cannot specifically identify the stock sold. The basis for the 80 shares sold is

A) $11,250.

B) $11,950.

C) $13,650.

D) $15,000.

-Kaya purchased 200 shares of Stone Corporation for $2,400. During the current year, Stone declared a nontaxable 10% stock dividend. What is the basis per share before and after the stock dividend is distributed (rounded)?

A)

Before	After
$12.00	$12.00

B)

Before	After
$10.91	$10.91

C)

Before	After
$12.00	$10.91

D)

Before	After
$12.00	$12.67

-Jane Yu sold the following securities during 2017:

	Date Acquired	Date Sold	Sales Price	Basis
A	6-15-2013	3-30-2017	$ 7,500	$11,500
B	7-12-2017	10-1-2017	$ 3,000	$ 10,000
C	1-15-2017	6-21-2017	$15,000	$12,000
D	4-2-2014	12-29-2017	$35,000	$40,000

What is Jane Yus adjusted net capital gain or loss result for the year?

A) $0

B) $9,000 ANCG

C) NSTCL of $3,000 and NLTCG of $15,000

D) ($13,000) ANCL

-Al and Christina are married. They file their tax return as Married Filing Joint. Their 2018 income from wages is $450,000. They have qualified dividends of $75,000. Total 2018 gross income is $525,000. They are both under 65 years of age and do not itemize their deductions. What is their total federal income tax (remember, the 2018 qualified dividends capital gains worksheet)?

A) $112,829

B) $117,829

C) $121,829

D) $126,729

-In 2018, Sabo gave property with a basis of $150,000 to Javier when the property had a FMV of $240,000 and paid gift taxes of $15,000. If Javier later sells the property for $240,000, Javier's basis (to determine gain) in the property immediately before the sale is (rounded)

A) $115,000.

B) $119,000.

C) $156,000.

D) $240,000.