What is the federal income tax owed by an investor in the 35 percent income tax bracket? The tax rate on long-term capital gains is 15 percent.

a. Siegmunds traditional IRA is currently worth

$25,000. He sold a stock in the account for $2,000.

He had purchased the stock for $1,000 in 2012.

b. Sieglinde purchased 100 shares of BABY at $15 on

September 10. She sold the shares for $12 on

September 15. She repurchased the shares on

September 20 for $10.