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Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2020: (Loss amounts should be indicated by a

Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2020: (Loss amounts should be indicated by a minus sign.)

Description Date Purchased Basis Date Sold Amount Realized
Stock A 1/23/1996 $ 7,900 7/22/2020 $ 5,020
Stock B 4/10/2020 15,300 9/13/2020 19,090
Stock C 8/23/2018 12,375 10/12/2020 17,510
Stock D 5/19/2010 5,750 10/12/2020 13,375
Stock E 8/20/2020 7,755 11/14/2020 3,825

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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