What is claires tax liability on her investment activity if

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Carol had the following capital gains and losses:

Short term capital gains

$ 9,000

Short term capital losses

$(10,000)

Long term capital gains

$15,000

Long term capital losses

$(6,000)

1. What is Claire's tax liability on her investment activity if she is single and has adjusted gross income of $50,000?

2. What is Claire's tax liability on her investment activity if she is single and has adjusted gross income of $333,000?

Reference no: EM13589353

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