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During 2019, Addison, a Single Taxpayer, Has the Following Gains  LTCG $10,000 LTCL 3,000 STCG 2,000 STCL 7,000\begin{array} { l r } \text { LTCG } & \$ 10,000 \\\text { LTCL } & 3,000 \\\text { STCG } & 2,000 \\\text { STCL } & 7,000\end{array}

Question 53

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During 2019, Addison, a single taxpayer, has the following gains and losses:  LTCG $10,000 LTCL 3,000 STCG 2,000 STCL 7,000\begin{array} { l r } \text { LTCG } & \$ 10,000 \\\text { LTCL } & 3,000 \\\text { STCG } & 2,000 \\\text { STCL } & 7,000\end{array}
a. How much is Addison's tax liability if she has taxable income of $24,000 and is in the 12% tax bracket?
b. How much is her tax liability if her taxable income is $188,000 and her tax bracket is 32% (not 12%)?

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a. $0. After the initial netting process...

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