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Susie is an art collector and files as single on her tax return. She has the following info for 2020: Salary $60,000 Qualified Dividends $5,000

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Susie is an art collector and files as single on her tax return. She has the following info for 2020: Salary $60,000 Qualified Dividends $5,000 5/15/20 Selling Price $2,000 $5,000 $10,000 Sold A Corp Stock Sold B Corp Stock Sold C Corp Stock 8/1/20 Acquisition notes Purchased 5/16/18 for $1,000 Purchased 8/31/19 for $3,000 Inherited from her Uncle Rob on 2/1/20; Rob's original cost was $3,000 on 12/1/2019; FMV at death $8,000 10/29/20 What is Susie's tax liability? $8,252 a $8,462 b. c. $7,902 d. $12,390 Susie is an art collector and files as single on her tax return. She has the following info for 2020: Salary $60,000 Qualified Dividends $5,000 5/15/20 Selling Price $2,000 $5,000 $10,000 Sold A Corp Stock Sold B Corp Stock Sold C Corp Stock 8/1/20 Acquisition notes Purchased 5/16/18 for $1,000 Purchased 8/31/19 for $3,000 Inherited from her Uncle Rob on 2/1/20; Rob's original cost was $3,000 on 12/1/2019; FMV at death $8,000 10/29/20 What is Susie's tax liability? $8,252 a $8,462 b. c. $7,902 d. $12,390

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