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On December 1,20X7,George Jimenez Needed a Little Extra Cash for the Upcoming

Question 32

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On December 1,20X7,George Jimenez needed a little extra cash for the upcoming holiday season,and sold 250 shares of Microsoft stock for $50 per share less a broker's fee of $200 for the entire sale transaction.Prior to the sale,George held the following blocks of Microsoft stock (associated broker's fee paid at the time of purchase):
 Acquisition Date  Nurber of Bhares  Market Prce Wher Acquired  Broker’s Fee 1/1×4300$35 per share $250 s/30/X6 300$45 per share $250\begin{array} { l c c c } \text { Acquisition Date } & \text { Nurber of Bhares } & \text { Market Prce Wher Acquired } & \text { Broker's Fee } \\1 / 1 \times 4 & 300 & \$ 35 \text { per share } & \$ 250 \\\text { s/30/X6 } & 300 & \$ 45 \text { per share } & \$ 250\end{array} If his goal is to minimize his current capital gain,how much capital gain will George report from the sale?

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