LeRoy Has the Following Capital Gains and Losses for the Current

question 7

Multiple Choice

LeRoy has the following capital gains and losses for the current year:
$\begin{array}{lc}\text { Short-term capital gain } & \$ 10,000 \\\text { Collectible loss } & (3,000) \\\text { Long-term capital gain } & 5,000\end{array}$
If LeRoy is single and has taxable income from other sources of $52,000,what is the tax on his capital gains?

• A)$1,800
• B)$2,800
• C)$2,910
• D)$3,000

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