38. Ed Smith is a single Taxpayer sold his house for $475,000. Mr. Smith lived in that house for more than 3 yeas of which he bought 5 years ago for $375,000. How much is his capital gain? And how much his tax liability on that gain? 39. Taxes imposed on capital gain depends on: a. Marital status b. Filing status c. Holding period and tax braket d. Income e. All of the above