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Hallie Bear sold the following stocks on July 17, 2020: Disney Stock (purchased 4/20/16 for $10,000) $ 25,000 Wiggles Stock (purchased 10/3/19 for $8,000) $
Hallie Bear sold the following stocks on July 17, 2020:
Disney Stock (purchased 4/20/16 for $10,000) $ 25,000
Wiggles Stock (purchased 10/3/19 for $8,000) $ 20,000
Assume Hallie files jointly (MFJ) with John (her husband) and has taxable income of $100,000 of income prior toaccounting for these stock sales. If applicable, Hallies long-term capital gains tax rate is 15%. How much total tax will Hallie and John have to pay including these two stock sales for 2020?
Group of answer choices
$ 19,520
$ 16,220
$ 18,470
$ 13,580
$ 17,630
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