Answer Happy

QUESTION 5 Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Microsoft common stock Date Purchased Shares 7/10/2009 400 4/20/2010 300 1/29/2011 500 11/02/2013 Basis $12,000 $11,000 $12,230 $7,300 If Dahlia sells 800 shares of Microsoft for $40,000 on December 20, 2021, what is her capital gain or loss if she uses the FIFO method? 250

QUESTION 6 Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Microsoft common stock. Date Purchased Shares 400 300 500 250 7/10/2009 4/20/2010 1/29/2011 11/02/2013 Basis $12,000 $11,000 $12,230 $7,300 If Dahlia sells 800 shares of Microsoft for $40,000 on December 20, 2021, what is her capital gain or loss if she uses the specific identification method and wants to minimze her capital gain?