Haneen has taxable income of $115,000 without consideration of capital gain or loss transactions. she has a short-term capital gain of $15,000, a long-term capital loss of $7,000, and a short-term capital gain of $4,000. assume none of the gains or losses are from collectibles or unrecaptured §1250 property, and haneen is in the 25% tax bracket.

-what is the total short-term gain or loss?

-what is the total long-term gain or loss?

-what is the carryover amount?

-is the gain or loss after netting taxed at the ordinary or capital rate?

1-ordinary rate
2-capital rate

10. problems and applications q10 a market is described by the following supply-and-demand curves: qsqs = = 2p2p qdqd = = 300â’p300â’p the equilibrium price is $ and the equilibrium quantity is . suppose the government imposes a price ceiling of $90. this price ceiling is , and the market price will be $ . the quantity supplied will be , and the quantity demanded will be . therefore, a price ceiling of $90 will result in . suppose the government imposes a price floor of $90. this price floor is , and the market price will be $ . the quantity supplied will be and the quantity demanded will be . therefore, a price floor of $90 will result in . instead of a price control, the government levies a tax on producers of $30. as a result, the new supply curve is: qsqs = = 2(pâ’30)2pâ’30 with this tax, the market price will be $ , the quantity supplied will be , and the quantity demanded will be . the passage of such tax will result in .