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Ophelia had the following capital transactions for the year: Acquired Item Sold Selling Price Cost 09-13-96 Stock A 07-13-15 $4,000 $4, 500 06- 20-92 Stock

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Ophelia had the following capital transactions for the year: Acquired Item Sold Selling Price Cost 09-13-96 Stock A 07-13-15 $4,000 $4, 500 06- 20-92 Stock B 09-30-15 $5,000 $2,000 07- 01-16 Stock C 09-30-16 $1,000 $1, 100 In addition, Ophelia has a long-term capital loss carryover from 2015 of $1, 800. What is Ophelia's 2016 net capital gain? $2, 400. $800. $700. $600. None of the above. Wilma is married to Herb, who abandoned her in 2015. She has not seen or communicated with him since June of that year. She maintains a household in which she and her two dependent children live. Which of the following statements about Wilma's filing status in 2016 is correct? Wilma can use the rates for single taxpayers for 2016. Wilma can file a joint return with Herb for 2016. Wilma can file as a surviving spouse for 2016. Wilma can file as a head of household for 2016. None of the above statements is true

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