You are in the 28 percent income tax bracket and pay long-term capital gains taxes of 15

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You are in the 28 percent income tax bracket and pay long-term capital gains taxes of 15 percent. What are the taxes owed or saved in the current year for each of the following sets of transactions?

a) You buy 100 shares of ZYX for $10 and after seven months sell it on December 31, 200X, for $23. You buy 100 shares of WER for $10 and after fifteen months sell it on December 31, 200X, for $7. You buy 100 shares of DFG for $10 and after nine months, on December 31, 200X, it is selling for $15.

b) You buy 100 shares of ZYX for $60 and after seven months sell it on December 31, 200Y, for $37. You buy 100 shares of WER for $60 and after fifteen months sell it on December 31, 200Y, for $67. You buy 100 shares of DFG for $60 and after nine months sell it on December 31, 200Y, for $76.

c) On January 2, 200X, you buy 100 shares of ZYX for $40 and sell it for $31 after twenty-two months. On January 2, 200X, you buy 100 shares of WER for $40 and sell it for $27 after fifteen months. On January 2, 200X, you buy 100 shares of DFG for $40 and sell it for $16 after eighteen months.

d) On January 2, 200X, you buy 100 shares of ZYX for $60. On October 2, 200X, you sell 100 shares of ZYX for $40. On October 10, 200X, you purchase 100 shares of ZYX for $25.


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