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4 ! Part 3 of 4 Required information Problem 4 - 3 0 ( LO 4 - 1 ) ( Algo ) [ The following

4
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Part 3 of 4
Required information
Problem 4-30(LO 4-1)(Algo)
[The following information applies to the questions displayed below.]
Aram's taxable income before considering capital gains and losses is $81,000. 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).
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Problem 4-30 Part c (Algo)
c. Aram sold a capital asset that he owned for more than one year for a $2,710 loss, a capital asset that he owned for six months for a $4,620 gain, and a capital asset he owned for two months for a $510 loss.
\table[[Taxable income],[Income taxed at ordinary rates]]
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