Jeremy Wilson is a single taxpayer who is in the 35% marginal tax rate bracket. He sold the following capital assets in 20X9: Description Date Bought Date Sold Sales Price Basis Stamp Collection 01/10/20X8 12/01/20X9 $15,000 $ 1,000 100 shares, X Corp. 10/15/20X8 10/01/20X9 34,000 30,000 50 shares, Y Corp. 01/01/20X4 10/31/20X9 7,000 25,000 In addition, Jeremy had a $5,000 unrecaptured Sec. 1250 gain (25% gain) in 20X9. As a result of these transactions, what is the total net increase in Jeremys taxable income in 20X9 AND what is Jeremy's tax liability for 20X9 related to this increase in taxable income? SHOW COMPUTATIONS!