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 7/10/2008 4/20/2009 1/29/2010 11/02/2012 400 300 500 250 Basis $10,000 $11,000 $12,230 $7,300 If Dahlia sells 800 shares of Microsoft for $40,000 on December 20, 2018, what is her capital gain or loss if she uses the specific identification method and wants to minimze her capital gain? QUESTION 7 Matt and Meg Comer are married. They do not have any children. Matt works as a history professor at a local university and earns a salary of S65,000. Meg works part-time at the same university. She earms S34,000 a year. The couple does not itemize deductions. Other than salary, the Comers' only other source of income is from the disposition of various capital assets (mostly stocks). What is the Comers' tax liability for 2018 if they report the following capital gains and losses for the year? Short-term capital gains Short-term capital losses Long-term capital gains Long-term capital losses S9,000 ($2,000) S15,000 (S6,000)