Back to Assignment Atempta Keep the Highest/31 5. Ch03 Financial Planning Exercise 3 Book Chapter 3 Financial Planning Exercise 3 Calculating taxes on security transactions If Isabella Rodriguez is single and in the 22 percent tax bracket, calculate the tax associated with each of the following transactions. (Hint: Use the IRS regulations for capital gains in effect in 2018.) Treat each of the following cases as independent of the others. Tax savings should be preceded by a sign. Round the answers to the nearest cent a. She sold stock for $4,400 that she purchased for $4,000.7 months earlier. $ b. She sold bonds for $3,400 that she purchased for $2,000 3 years earlier. $ c. She sold stock for $2,920 that she purchased for $4,000 20 months earlier. Assume this to be the only Stock in Isabela's portfolio