answer is D

6. Hank has a 32% marginal tax rate and has already recognized a STCL of $8,000 and a LTCG of $5,000, both due to the sale of stock. He is considering the sale of an antique clock held for investment that would result in a $7,000 LTCG. What is the increase in his tax liability if he goes ahead with the proposed transaction this year? a $ 1,120 b. $ 600 c. $ 1,720 d. $ 1.560 e. None of the above