If Amy Phillips is single and in the 25% tax bracket, calculate the tax associated with each of the following transactions. (use the IRS regulations for capital gain in effect in 2011.) Capital Gains Tax Categories as of 2010 Capital gains tax rates are as low as 0 percent for low-income or 15 percent for higher-income levels, so long as the holding period is more than 12 months. Treat each of the following cases as independent of the others. a. She sold stock for $3,480 that she purchased for $3,000 11 months earlier. Round the answer to the nearest cent. Tax savings should be preceded by " " sign. $ b. She sold bonds for $3,800 that she purchased for $2,500 3 years earlier. Tax savings should be preceded by a " "sign. c. She sold stock in Amy's . Round the answer to the nearest cent. Tax savings should be preceded by " " sign. $