14

Question 14 (1 point) A taxpayer in the 24% marginal tax bracket sold a small apartment building for $310,000 in 2020. The taxpayer purchased the rental real estate during 2017 at a cost of $270,000 and took $22,000 of depreciation deductions to the date of sale. The gain does not move the taxpayer to a different marginal tax bracket. What is the taxpayer's incremental tax on this gain? $11,500 $9.300 O $11,280 $14,880 Question 15 (1 point) Joe purchased a single-family home for $180,000 in June of 2019. He rehabbed and reconditioned the house for an additional cost of $60,000. He lived in the house during this nerind and did all of the him NAAN