Sparty Jones, whose marginal tax rate on ordinary income is 24%, sold 4 investment assets...
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Accounting
Sparty Jones, whose marginal tax rate on ordinary income is 24%, sold 4 investment assets this year resulting in the following capital gains and losses:
- Short-term capital gain $2,800
- Short-term capital loss $(4,000)
- Long-term capital gain $29,000
- Long-term capital loss $(25,100)
How much of Spartys net capital gain is taxed at 15%?
| a. | $31,800 | |
| b. | $3,900 | |
| c. | $2,700 | |
| d. | $1,100 |
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