Aram's taxable income before considering capital gains and losses is $70,000. Determine Aram's taxable income...

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Accounting

Aram's taxable income before considering capital gains and losses is $70,000. Determine Aram's taxable income and how much of the income will be taxed at ordinary rates in each of the following alternative scenarios (assume Aram files as a single taxpayer).

a. Aram sold a capital asset that he owned for more than one year for a $5,200 gain, a capital asset that he owned for more than one year for a $600 loss, a capital asset that he owned for six months for a $1,400 gain, and a capital asset he owned for two months for a $1,000 loss.

Taxable Income:

Income taxed at ordinary rates:

b. Aram sold a capital asset that he owned for more than one year for a $2,100 gain, a capital asset that he owned for more than one year for a $2,700 loss, a capital asset that he owned for six months for a $300 gain, and a capital asset he owned for two months for a $2,100 loss.

Taxable Income:

Income taxed at ordinary rates:

c. Aram sold a capital asset that he owned for more than one year for a $2,600 loss, a capital asset that he owned for six months for a $4,400 gain, and a capital asset he owned for two months for a $400 loss.

Taxable Income:

Income taxed at ordinary rates:

d. Aram sold a capital asset that he owned for more than one year for a $3,300 gain, a capital asset that he owned for more than one year for a $400 loss, a capital asset that he owned for six months for a $300 gain, and a capital asset he owned for two months for a $2,100 loss.

Taxable Income:

Income taxed at ordinary rates:

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