Kate Recognized a $25,700 Net Long-Term Capital Gain and a $33,000

question 35

Multiple Choice

Kate recognized a $25,700 net long-term capital gain and a $33,000 net short-term capital loss this year. What is her current net tax cost or savings from her capital transactions if her marginal rate on ordinary income is 28%?

• A) $0
• B) $840 net tax savings
• C) $2,044 net tax savings
• D) $3,015 net tax cost

---

Definitions:

Magnesium Monoperoxyphthalate

A chemical compound used as an oxidizing agent, particularly in organic synthesis and bleaching processes.

Epoxidation

A chemical reaction that converts an alkene into an epoxide, involving the addition of an oxygen atom across the carbon-carbon double bond.

Major Organic Product

The primary product formed in greater amount in an organic reaction, considering reaction mechanisms and conditions.

Cyclopentanone

A cyclic ketone with a five-membered ring, known for its distinctive odor and use in organic synthesis.