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Question: and barb are i e 37 ax bracket or ordnary...

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and Barb are i e 37% ax bracket or ordnary income and he 20% bracket capital gains ignore e 3 8% additional a on investment income or higher come taxpayers.)They have o ne several lock ofstoc or any years. They considering the sale of two blocks of stock. The sale of one block would produce a gain of $13,000, The sale of the other would produce a loss of $20,000 For purposes of this problem, ignore any restrictions on deductions or credits based on AGI, They have no other gains or losses this year. Read the reguirements Requirement a. How much tax will they save if they sell the block of stock that produces a loss? Paul and Barb will save Requirements How much tax will they save if they sell the block of stock that produces a loss? a. b. How much additional tax vill they pay if they sell the block of stock that produces a gain? c. What will be the impact on their taxes if they sell both blocks of stock?

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