What is the federal income tax owed by an investor in the 35 percent income tax bracket

(15 percent tax rate on long-term capital gains and dividend income)?

a. Megan sold Stock A for a short-term capital gain of $5,500; sold Stock B for a short-term capital loss of $2,100.

b. Margaret sold Stock A for a short-term capital loss of $2,000; sold Stock B for a short-term capital gain of $4,000.

c. Melissa is 70 years old and withdraws $1,000 from her Roth IRA account. Would the answer be different if she were 65 years old?

d. Morgan bought 100 shares of IBM in March for $100 a share and sold the shares in April for $110.

e. Murphy contributed $4,000 to an IRA and used the proceeds to purchase stock A for $4,000. The stock was subsequently sold for $4,500 after year had passed.