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Please provide the steps. Question: What is the federal income tax owed by an investor in the 35 percent income tax bracket (15 percent tax
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What is the federal income tax owed by an investor in the 35 percent income tax bracket (15 percent tax rate on long-term capital gains and dividend income)?
a. | Bob owns Stock A that paid $350 in dividends and sold Stock B for a long-term capital gain of $1,200. |
b. | Bill sold Stock A for a short-term capital gain of $3,500 and sold Stock B for a short-term capital loss of $3,100. |
c. | Brian sold Stock A for a long-term capital gain of $3,700 and sold Stock B for a long-term capital loss of $5,100. |
d. | Barbara sold Stock A for a $6,000 short-term loss and sold Stock B for a $2,000 long-term gain. |
e. | Roberta has a savings account that paid annual interest of $1,000 and a stock that paid a dividend of $1,000. |
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