You are in the 24 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, 2018, for $23. You buy 100 shares of WER for $10 and after 15 months sell it on December 31, 2018 for $7. You buy 100 shares of DFG for $10 and after nine months, on December 31, 2017, it is selling for $15.
(b) You buy 100 shares of ZYX for $60 and after seven months sell it on December 31, 2017, for $37. You buy 100 shares of WER for $60 and after 15 months sell it on December 31, 2017 for $37. You buy 100 shares of DFG for $60 and after nine months sell it on December 31, 2017, it is selling for $76.
(c) On January 2, 2018, you buy 100 shares of ZYX for $40 and sell it for $31 after 22 months. On January 2, 201X, you buy 100 shares of WER for $40 and sell it for $27 after 15 months. On January 2, 2017, you buy 100 shares of DFG for $40 and sell it for $16 after 18 months.
(d) On January 2, 201X, you buy 100 shares of ZYX for $60. On October 2, 2017, you sell 100 shares of ZYX for $40. On October 10, 2017, you purchase 100 shares of ZYX for $25. PLEASE M
