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An investor is in the 33 percent tax bracket and pays long-term capital gains taxes...

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Question

Accounting

An investor is in the 33 percent tax bracket and pays long-term capital gains taxes of 15 percent. What are the taxes owed (or saved in the case of losses) in the current tax year for each of the following situations? a) Net short-term capital gains of $3,000; net long-term capital gains of $4,000 b) Net short-term capital gains of $3,000; net long-term capital losses of $4,000 c) Net short-term capital losses of $3,000; net long-term capital gains of $4,000 d) Net short-term capital gains of $3,000; net long-term capital losses of $2,000 e) Net short-term capital losses of $4,000; net long-term capital gains of $3,000 f) Net short-term capital losses of $1,000; net long-term capital losses of $1,500 g) Net short-term capital losses of $3,000; net long-term capital losses of $2,000

PLEASE SHOW WORK

answers should be

(1,000)(.15) = 150 saved

(4000-3000)(.33) = 333 saved

(3,000)(.15)= 450 saved

(1,000)(.33) = 330 owed

(1000)(.33) = 330 saved

(1500)(.15) = 225 owed

(3,000)(.33)= 990 savings

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