Netting Gains and Losses Trisha, whose tax rate is 35%, sells the following capital assets in 2016 with gains and losses as shown: 1:5-44 Asset Gain or (Loss) $15,000 7,000 (3,000) Holding Period 15 months 20 months 14 months a. Determine Trisha's increase in tax liability as a result of the three sales. All assets atre stock held for investment. Ignore the effect of increasing AGI on deductions and phase- out amounts. b. Determine her increase in tax liability c. Determine her increase in tax liability if if the holding period for asset B is 8 months. the holding periods are the same as in Part a but asset B is an antique clock. d. Determine her increase in tax liability if her tax rate is 39.6%