It HW15.55 - STCL-3,000 3,500(LTCG - 2,500 LTCL) = 1,000...

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Jordan Evans 5.44 A B C LTCG a 15,000 LTCG 15,000 LTCG 15,000 LTCG b 7,000 STCG - LTCG - LTCL c -3,000 LTCL -3,000 LTCL -3,000 19,000 LTCG 12,000 12,000 LTCG STCG 7,000 Taxed @ 15% STCG 7,000@35% 2,450 Collectible 7,000@28% 1,960 2,850 LTCG 12,000@15% 1,800 LTCG 12,000@15% 1,800 5.45 A B 90,000 90,000 STCG -20,000 - tax is 17,268 46 a tax at regular rates on 126,000 is 28,897 70,000 90,000 b. new taxable income is 126,000 + 11,000 = 137,000 tax is 12,268 11,000@15% = 1,650 capital gains tax 20,000@15% 3,000 total tax of 1,650 + 28,897 = 30,547 3,000+12,268 total 15,268 5.48 STCG LTCG LTCL LTCL 4,000 8,000 1,000 3,500 4,000? 5.49 2008 2009 2010 2011 5.48 40,000 50,000 60,000 70,000 6,000(STCG) - 2,000(STCL) = 4,000
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Unformatted text preview: STCL-3,000 3,500(LTCG - 2,500 LTCL) = 1,000 LTCG LTCL-10,000 3,800-4,300 40,000 + 4,000 (STCG) + 1,000 (LTCG) = 45,000 AGI carried over 4,000 STCG taxed as ordinary rates but the 1,000 LTCG will be taxes at 0% or 15% AGI 37,000 47,000 57,000 67,000 7,000LTCL caryover 3,300 LTCL carry over 1,000STCL carryover 800LTCL carryover 2,000STCG-5,000STCL = -3,000 STCL 15,000LTCG-4,000LTCL = 11,000LTCG 11,000-3,000=8,000LTCG 50,000+8,000=58,000AGI 2008 8,000 will be taxed at 0% or 15% and 50,000 will be taxed at regular rate...
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This note was uploaded on 03/26/2012 for the course ACCT ACCT210 taught by Professor Challanworthington during the Spring '10 term at S. Alberta Tech.

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