Aram's taxable income before considering capital gains and losses is $$80,000.$ 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$).$

Required:

Aram sold a capital asset that he owned for more than one year for a $$5,400$ gain, a capital asset that he owned for more than one year for a $$700$ loss, a capital asset that he owned for six months for a $$1,600$ gain, and a capital asset he owned for two months for a $$1,100$ loss. Aram sold a capital asset that he owned for more than one year for a $$5,400$ gain, a capital asset that he owned for more than one year for a $$700$ loss, a capital asset that he owned for six months for a $$1,600$ gain, and a capital asset he owned for two months for a $$1,100$ loss.

Taxable income $?$

Income taxed at ordinary rates $?$