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In 2014, Josh has the following transactions involving capital asset. Josh has a MTR of 25% when considering all of this income (capital gains and

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In 2014, Josh has the following transactions involving capital asset. Josh has a MTR of 25% when considering all of this income (capital gains and regular wages). gain on the sale of stocks (held for 2 years): $6,000 loss on the sale of bonds (held for 5 years): (2,000) gain on the sale of his car that is used for personal purposes (held for 5 months): 6,000 loss on the sale of his boat that is used for personal purposes (held for 11 months): (5,000) loss on the sale of his printer that 1 is used for business purpose (held for 15 months): (3,000) How much tax does Josh have to pay on this net short-term capital gains/losses? Green corporation has the following income and expense items for 2014. Sales revenue (all cash): $750,000 City of Flint bond interest: $ 100,000 Microsoft bond interest: $50,000 Wage expenses: $400,000 Do not calculate Green's tax liability-and just assume Green's total tax liability in 2014 is $100,000. Determine Green's average tax rate (ATR) for 2014

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