Dahlia is in the 32 percent tax rate bracket and has purchased the following shares...
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Accounting
Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares Basis 7/10/2008 490 $ 19,110 4/20/2009 390 17,472 1/29/2010 590 19,234 11/02/2012 340 12,988 If Dahlia sells 1,070 shares of Microsoft for $63,130 on December 20, 2018, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) a. She uses the FIFO method.
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