Question: Please show answer step by step with calculation. Thank you Lisa, single, purchased qualified small business stock on February 10, 2018, for $37,500. Lisa is

Please show answer step by step with calculation. Thank you

Lisa, single, purchased qualified small business stock on February 10, 2018, for $37,500. Lisa is in a 32% tax bracket. (a) Your answer is partially correct. What is the tax effect to Lisa if she sells the stock on January 31, 2023, for $59,900? (Do not leave any answer field blank. Enter O for amounts. If no capital gain, select NA in dropdown.) Excluded income 59900 Long-term v capital gain $ 22400 taxed at 100 % X

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