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

question 27

Multiple Choice

Kirby is in the 15% tax bracket and had the following capital asset transactions during 2012: Kirby's tax consequences from these gains are as follows:

• A) (5% ´ $10,000) + (15% ´ $13,000).
• B) (15% ´ $13,000) + (28% ´ $11,000).
• C) (0% ´ $10,000) + (15% ´ $13,000).
• D) (15% ´ $23,000).
• E) None of the above.