Harold Is a Head of Household, Has $27,000 of Taxable

question 23

Essay

Harold is a head of household, has $27,000 of taxable income in 2017 from non-capital gain or loss sources, and has the following capital gains and losses: $$\begin{array} { l r } 28 \% \text { long-term capital gain } & \$ 4,300 \\28 \% \text { long-term capital loss } & ( 2,000 ) \\0 \% / 15 \% / 20 \% \text { long-term capital gain } & 19,000 \\\text { Short-term capital loss } & ( 1,700 )\end{array}$$ ?

Ignore standard deductions and exemptions.What is Harold's taxable income and the tax on that taxable income?

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