During the year, Chester incurred the following transactions involving capital assets.

Gain on the sale of an arrowhead collection (acquired as an investment at

 

different times but all pieces have been held for more than one year)

$ 6,000

Loss on the sale of IBM Corporation stock (purchased 11 months ago as an

 

investment)

(4,000)

Gain on the sale of a city lot (acquired 5 years ago as an investment)

2,000

a. If Chester is in the 33% bracket, how much income tax results?

b. If Chester is in the 15% bracket?