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Required information [ The following information applies to the questions displayed below. ] Dahlia is in the 3 2 percent tax rate bracket and has

Required information
[The following information applies to the questions displayed below.]
Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock (Nasdaq:
MSFT) over the years:
If Dahlia sells 920 shares of Microsoft for $49,680 on December 20,2023, what is her capital gain or loss in each of the
following assumptions?
Note: Do not round intermediate calculations.
a. She uses the FIFO method.
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