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Required information [The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the
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 over the years: Date Purchased Shares Basis 7/10/2011 650 $ 35,750 4/20/2012 550 33,440 1/29/2013 750 11/02/2015 500 36,450 27,100 If Dahlia sells 1,550 shares of Microsoft for $116,250 on December 20, 2021, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) a. She uses the FIFO method.
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