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a. Aram sold a capital asset that he owned for more than one year for a $5,000 gain, a capital asset that he owned for
a. Aram sold a capital asset that he owned for more than one year for a $5,000 gain, a capital asset that he owned for more than one year for a $500 loss, a capital asset that he owned for six months for a $1,200 gain, and a capital asset he owned for two months for a $900 loss. b. Aram sold a capital asset that he owned for more than one year for a $2,000 gain, a capital asset that he owned for more than one year for a $2,500 loss, a capital asset that he owned for six months for a $200 gain, and a capital asset he owned for two months for a $1,900 loss. Aram sold a capital asset that he owned for more than one year for a $3,000 gain, a capital asset that he owned for more than one 'ear for a $300 loss, a capital asset that he owned for six months for a $200 gain, and a capital asset he owned for two months for a 1,900 loss. Aram's taxable income before considering capital gains and losses is $60,000. 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). Aram sold a capital asset that he owned for more than one year for a $2,500 loss, a capital asset that he owned for six months for a $4,200 gain, and a capital asset he owned for two months for a $300 loss
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