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5. Sachi is single and has taxable income of $37,225 without considering the sale of a capital asset in November of 2023 for $20,000.
5. Sachi is single and has taxable income of $37,225 without considering the sale of a capital asset in November of 2023 for $20,000. That asset was purchased six years earlier and has a tax basis of $5,000. The tax liability applicable to only the capital gain is A) $0. B) $2,250. C) $3,000. D) $1,140.
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