QUESTION 6 Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Microsoft common stock Date Purchased Shares 7/10/2008 400 4/20/2009 300 1/29/2010 11/02/2012 250 Basis $12,000 $11,000 $12,230 $7,300 500 Dahlia sells 800 shares of Microsoft for $40,000 on December 20, 2019, what is her capital gain or loss if she uses the specific identification method and wants to minimze her capital gain? QUESTION 2 Dana intends to invest $20,000 in either a Treasury bond or a corporate bond. The Treasury bond yields 5 percent before tax and the corporate bond yields 6 percent before tax. Dana's federal marginal rate is 25 percent and her marginal state rate is 5 percent. What is the amount by which the yield on the corporate bond exceeds the yield on the Treasury bond. Assume that Dana Hemizes her deductions and that any state income tax would be fully deductible