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How much is denas tax liability if she is in the tax bracket

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Reference no: EM132326416

Question

During 2018, Dena has the following gains and losses:

LTCG $4,000

LTCL $1,000

STCG $500

STCL $3,000

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

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

Reference no: EM132326416

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