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Stod Help Save & Exit Cory recently sold his qualified small business stock for $80.000 after holding it for 10 years. His basis in the stock is $50,000 Applying the rules as if the stock were acquired in 2020 and assuming his marginal tax rate is 32 percent, how much tox will he owe on the sale? Multiple Choice 52250 54.200 $4.500 58.400 Prev 1 of 30 Next > 80 23 9220 7 % * 3 & 7 8 9 E R T T Y U I 0 P D F G H J J L Kevin bought 250 shares of Intel stock on January 1, 2020, for $70 per share, with a brokerage fee of $150. Then, Kevin sells all 250 shares for $85 per share on December 12, 2020. The brokerage fee on the sale was $200. What is the amount of the gain/loss Kevin must report on his 2020 tax return? Multiple Choice $3,050 $3,400 $3,750 $4.100 *** Neyt Saved Help Save & Exit Sul Brandon and Jane Forte file a joint tax return and decide to itemize their deductions. The Fortes'income for the year consists of $120,000 in salary, $1,000 interest income, $1,500 nonqualifying dividends, and $1,100 long-term capital gains. The Fortes' expenses for the year consist of $3,000 in investment interest expense and $900 in tax preparation fees. Assuming that the Fortes' marginal tax rate is 32 percent and they make no special elections, what is the amount of investment interest expense deduction for the year? Multiple Choice $0 $1,000 $2,500 $3,000