the first answer for Q 1 is D and Q 2 is C and Q 3 is A but i don't know how to get these numbers

5. On July 8, 2009, Fred purchased 100 shares of qualified small business stock for $50,000. If Fred sells the shares for $130,000 on August 22, 2018, how much gain must he recognize? a. $ 60,000 b. $ 40,000 c. $ 80.000 d. $ 20,000 e. None of the above 8. Ike has a 35% marginal tax rate and has already recognized a STCL of $13,000 and a LTCG of $11,000, both due to the sale of stock. He is considering the sale of an antique clock held for investment that would result in a $10,000 LTCG. What is the increase in his tax liability if he goes ahead with the proposed transaction this year? a. $ 700 b. $1,200 c. $1,900 d. $2,800 e. None of the above 10. Leo sold property to a buyer who paid him $300,000 cash, a car valued at $15,000 and assumed an existing mortgage of $50,000. The property had cost $200,000 and he had made capital improvements of $30,000. Depreciation of $90,000 has been claimed and selling expenses were $10,000. What is the amount of gain recognized? a. $215,000 b. $225,000 c. $260,000 d. $175,000 e. None of the above