Simon, age 12, generates $800 interest income and $4,000 dividend income for 2016. He incurs no investment expenses. His parents report $80,200 taxable income and file a joint tax return.

Click here to access the 2016 tax rate schedule. If required, round the tax liability the nearest dollar.

a.	Net unearned income is	$.___
b.	Allocable parental tax is	$.___
c.	Simon's total Federal income tax is	$.___

2) Determine the net effect on Tamaras adjusted gross income with regard to these capital asset transactions that occurred this year.

	Sold ABCCo stock, acquired 2 years ago, for a $$6,350 loss.
	Sold collectible coins, held for 17 months, for a $8,890 gain.
	Sold XYZCo shares, acquired 6 months ago, for a $17,780 loss.
	Sold LMNCo stock, acquired 3 years ago, for a $2,223 gain.

Ignore any deduction limitations.

Tamara has a net long-term capital gain of $ ______ and a short-term capital loss of $. ____

Overall, Tamara has a net short-term capital loss of $____