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Antonio is single and has taxable income of $170,000 without considering the sale of a capital asset (land held for investment) in September of 2019

Antonio is single and has taxable income of $170,000 without considering the sale of a capital asset (land held for investment) in September of 2019 for $25,000. That asset was purchased six years earlier and has a tax basis of $5,000. The tax liability applicable to only the capital gain (without consideration of any additional Medicare tax) is

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$3,750.

$3,000.

$6,400.

$4,000.

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