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Without considering the following captal gains and lesses, Chnstine, who is single, has taxable income of $440,000 and a marginal tax rate of 396% During

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Without considering the following captal gains and lesses, Chnstine, who is single, has taxable income of $440,000 and a marginal tax rate of 396% During the year, she sold stock held for nine months at a gan of $14,000, stock held for three years at a gan of $17,000, and a collectitle asset held for sik years at a gan of $27,000 Ignore the efflect of the gans on any threshoid amounts and assume that her marginal tax late of 386% does not change Read the tequrements Requrement a. what is her taxable income and the increase in her tax lablity after consdenng the ree gains? Her taiable income i wrat is the increase in her tax lablity after consdenng he three gans? First sefect the fabel for the applicable category of gains, then enter the taxable amount. In the last column compute the tax for each category and the increase in tax liability (Abbreviations used ANC G-A usted net capital gans, LTOGLong term capt gan LTCL = Longterm capital loss, ST G-S t-1 m captal gain STCL Shont m capdal loss En er me ne ta able amount each category) Category Taxablo amountRate Tax Increase in tax lability

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