Perry Is in the 33% Tax Bracket

question 35

Multiple Choice

Perry is in the 33% tax bracket.During 2012, he had the following capital asset transactions: Perry's tax consequences from these gains are as follows:

• A)(15% ´ $30,000) + (33% ´ $4,000).
• B)(15% ´ $10,000) + (28% ´ $30,000) + (33% ´ $4,000).
• C)(0% ´ $10,000) + (28% ´ $30,000) + (33% ´ $4,000).
• D)(15% ´ $40,000) + (33% ´ $4,000).
• E)None of the above.

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