Paul and Mary are in he 37 a bracket or ordinary income and the 20% bracket for capital gans gnore the 3 8% additional tax on in est ent income or higher-Income taxpayers. They have owned se era blocks o stock many ears. T ey are considering the sale of two blocks of stock. The sale of one block would p oduce a ga of S 12,000. The sale of the other would produce a loss S2000 For es of this proble Ignore any rest ons on deduc ins oed s based on AGI Te have no other gains or losses this year Read the requirements Requirement a. How much tax will they save if they sell the block of stock that produces a loss? Paul and Mary wil save $ Requirement b. How much additional tax will they pay if they sell the block of stock that produces a gain? Paul and Mary will pay an additional Requirement c. What will be the impact on their taxes if they sell both blocks of stock? Paul and Mary wl 1.110 2,400 The capital loss carryover will be S