Problem 7-46 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2022 : Note: Loss amounts should be indicated by a minus sign. Problem 7-46 Part-a (Algo) a. What is Grayson's net short-term capital gain or loss from these transactions? Required information Problem 7-46 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2022 : Note: Loss amounts should be indicated by a minus sign. Problem 7-46 Part-b (Algo) b. What is Grayson's net long-term gain or loss from these transactions? Required information Problem 7-48 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and tax rate schedules.) * $30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Net Investment Income Tax. roblem 7-48 Part-a (Algo) - Given that Ron and Anne have taxable income of only $23,000 (all ordinary) before considering the tax effect of their asset sales, that is their gross tax liability for 2022 assuming they file a joint return? Required information Problem 7-48 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and tax rate schedules.) * $30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Net Investment Income Tax. roblem 7-48 Part-b (Algo) Given that Ron and Anne have taxable income of $403,000 (all ordinary) before considering the tax effect of their asset sales, what their gross tax liability for 2022 assuming they file a joint return? Required information Problem 7-53 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] Christina, who is single, purchased 420 shares of Apple Incorporated stock several years ago for $19,320. During her year-end tax planning, she decided to sell 210 shares of Apple for $8,610 on December 30 . However, two weeks later, Apple introduced its latest iPhone, and she decided that she should buy the 210 shares (cost of $9,030 ) of Apple back before prices skyrocket. Note: Leave no answers blank. Enter zero if applicable. Problem 7.53 Part-b (Algo) b. Assume the same facts, except that Christina repurchased only 105 shares for $4,515. What is Christina's deductible loss on the sale of 210 shares? What is her basis in the 105 new shares