How much is Dena tax liability

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Question - During 2018, Dena has the following gains and losses:

LTCG $4,000

LTCL $1,000

STCG $500

STCL $3,000

Required -

I. How much is Dena's tax liability if she is in the 15% tax bracket? Explain and/or show work.

II. If her tax bracket is 33% (not 15%)? Explain and/or show work.

Reference no: EM132617703

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