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28 Sep 2019
Autumn and Winter are married withno dependents and file a joint return for 2018. They had thefollowing for 2018:
Sales Price
Basis
Sale of 100 shares of purchasedSunRun stock held 3 years
$ 6,000
$ 4,900
Sale of 50 shares of inherited GMstock held 5 months
6,000
6,400
Interest from bank savingsaccount
2,100
n/a
Qualifying dividends
2,200
n/a
Autumn and Winterâs taxable incomeis $76,500. How much is their gross tax? Show your work.
Autumn and Winter are married withno dependents and file a joint return for 2018. They had thefollowing for 2018:
Sales Price | Basis | |
Sale of 100 shares of purchasedSunRun stock held 3 years | $ 6,000 | $ 4,900 |
Sale of 50 shares of inherited GMstock held 5 months | 6,000 | 6,400 |
Interest from bank savingsaccount | 2,100 | n/a |
Qualifying dividends | 2,200 | n/a |
Autumn and Winterâs taxable incomeis $76,500. How much is their gross tax? Show your work.
Jamar FerryLv2
28 Sep 2019