Trisha, whose tax rate is 35%, sells the following capital assets in 2016 with gains and losses as shown:

a. Determine Trisha€™s increase in tax liability as a result of the three sales. All assets arestock held for investment. Ignore the effect of increasing AGI on deductions and phaseout amounts.
b. Determine her increase in tax liability if the holding period for asset B is 8 months.
c. Determine her increase in tax liability if the holding periods are the same as in Part a but asset B is an antique clock.
d. Determine her increase in tax liability if her tax rate is 39.6%.

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Holding Period 15 months 20 months 14 months Gain or (Loss) Asset A B $15,000 7,000 (3,000)