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2 pts Question 5 In the current year, Karen is single, and her taxable income is $135,000 for 2020. Karen lives with her partner and

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2 pts Question 5 In the current year, Karen is single, and her taxable income is $135,000 for 2020. Karen lives with her partner and his son who is a full time student. In addition, she has the following capital transactions and resulting gains (losses). Green corporation stock (held for 9 months) $5,000 Red corporation stock (held for 11 months) (7,000) Stamp collection (held for 10 years) $8,000 Land (held as an investment for 4 years) $2,000 What is the total amount of tax liability for of these short term and long term gains (losses) for 2020? $1,200 O $0 $1,600 O $1,760

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