Kirby Is in the 15% Tax Bracket and Had the Following

question 74

Multiple Choice

Kirby is in the 15% tax bracket and had the following capital asset transactions during 2014:
$\begin{array} { l } \text {Long-term gan fram the sale of a cain collection }&\$11,000\\ \text { Lone-term gain from the sale of a land investment}&10,000\\ \text {Short-term gain from the sale of a stock investment }&2,000\\\\ \text {Kirby's tax cansequences fram these pains are as follows: }&\\\end{array}$

• A)\(( 5 \% \times \$ 10,000 ) + ( 15 \% \times \$ 13,000 )\)
• B)\(( 15 \% \times \$ 13,000 ) + ( 28 \% \times \$ 11,000 )\)
• C)\(( 0 \% \times \$ 10,000 ) + ( 15 \% \times \$ 13,000 )\)
• D)\(( 15 \% \times \$ 23,000 )\)
• E)\(\text { None of these }\)

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