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Farrin, who is single and has taxable income of $370,000, sells the following capital assets in 2022 with gains and losses as shown: Capital Assets View the capital assets. View the 2022 tax rate schedule for the Single filingstatus. View the Preferential Rates for Adjusted Net Capital Gain (ANCG) and Qualified Dividends. Read the requirements. Requirement a. Determine Farrin's increase in income tax liability as a result of the three sales. All assets are stock held for investm. Increase in tax Single Tax Rate Schedule liability Requirement b. Determine her increase in income tax liability if the holding period for asset B is 8 months. Increase in tax liability Requirement c. Determine her increase in income tax liability if the holding periods are the same as in Part a but asset B is an antiq Increase in tax liability Requirement d. Determine her increase in income tax liability if her t Increase in tax Rates for Adjusted Net Capital Gain (ANCG) and Qualified Dividends liability Capital Gains and Dividends Capital gains and losses are assigned to baskets. Five possible tax rates will apply to most capital gains and losses: - Ordinary income tax rates (up to 37% in 2022) for gains on assets held one year or less - 28% rate on collectibles gains and includible Sec. 1202 gains - Preferential tax rates for gains on assets held for more than one year and qualified dividends based on the taxpayer's taxable income and filing status as shown in the following table

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