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Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2019: (Loss amounts should be indicated by a

Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2019: (Loss amounts should be indicated by a minus sign.)

Description Date Purchased Basis Date Sold Amount Realized
Stock A 1/23/1995 $ 7,400 7/22/2019 $ 4,620
Stock B 4/10/2019 14,300 9/13/2019 17,890
Stock C 8/23/2017 11,125 10/12/2019 15,810
Stock D 5/19/2009 5,350 10/12/2019 12,625
Stock E 8/20/2019 7,405 11/14/2019 3,575

a. What is Graysons net short-term capital gain or loss from these transactions?

b. What is Graysons net long-term gain or loss from these transactions?

c. What is Graysons overall net gain or loss from these transactions?

d. What amount of the gain, if any, is subject to the preferential rate for certain capital gains?

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