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Textbook Problems Page 686

Textbook Problems Page 686. Page 686 Problem 1. NCG is $35,000 -- $15,000 @ 28% = 4,200 $20,000 @ 15% = 3,000 -- $22,200* *$7,200 (see (b) above) + $15,000 (30% X 50,000). Page 686 Problem 2. -- $10,000 -- LTCG ($5,000 28% / $5,000 15%) - 5,000 -- LTCL ($5,000 28%)

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Textbook Problems Page 686