[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 7/10/2010 4/20/2011 1/29/2012 11/02/2014 Shares 650 550 750 500 $ 35,750 33, 440 36,450 27,100 If Dahlia sells 1,550 shares of Microsoft for $116,250 on December 20, 2020, what is her capital gain or loss in each of the following assumptions? (Do not round Intermediate calculations.) a. She uses the FIFO method. Check my w 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 7/10/2010 4/20/2011 1/29/2012 11/02/2014 Shares 650 550 750 500 Basis $ 35,750 33,440 36,450 27,100 If Dahlia sells 1,550 shares of Microsoft for $116,250 on December 20, 2020, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) b. She uses the specific identification method and she wants to minimize her current-year capital gain. [The following information applies to the questions displayed below.) Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt works as a history professor at a local university and earns a salary of $67,000. Meg works part time at the same university. She earns $34,500 a year. The couple does not itemize deductions. Other than salary, the Comers' only other source of income is from the disposition of various capital assets (mostly stocks). (Use the tax rate schedules, Dividends and Capital Gains Tax Rates.) (Round your final answers to the nearest whole dollar amount.) a. What is the Comers' tax liability for 2020 if they report the following capital gains and losses for the year? Short-term capital gains Short-term capital lossen Long-term capital gains Long-term capital losses $10,500 (3,500) 16,500 (7,500) Total tax liability information [The following information applies to the questions displayed below.) George bought the following amounts of Stock A over the years: (Loss amounts should be indicated with a minus sign.) Stock Stock A Stock Date Purchased 11/21/1994 3/18/2000 5/22/2009 Number of Shares 1,180 590 930 Adjusted Basis $ 28, 320 10,620 33,480 On October 12, 2020, he sold 1,470 of his shares of Stock A for $38 per share. a. How much gain/loss will George have to recognize if he uses the FIFO method of accounting for the shares sold? Gain or loss to be recognized applies to the questions displayed below.) George bought the following amounts of Stock A over the years: (Loss amounts should be indicated with a minus sign.) Stock Stock A Stock A Date Purchased 11/21/1994 3/18/2000 5/22/2009 Number of Adjusted Shares Basis 1,180 $ 28,320 590 10,620 930 33,480 On October 12, 2020, he sold 1,470 of his shares of Stock A for $38 per share. b. How much gain/loss will George have to recognize if he specifically identifies the shares to be sold by telling his broker to sell all 930 shares from the 5/22/2009 purchase and 540 shares from the 11/21/1994 purchase? Gain or loss to be recognized