Aruna, a sole proprietor, wants to sell two assets that she no longer needs for her business. Both assets qualify as 1231 assets. The first is machinery and will generate a $23,250 1231 loss on the sale. The second is land that will generate a $14,500 1231 gain on the sale. Arunas ordinary marginal tax rate is 32 percent. (Input all amounts as positive values.)

a. Assuming she sells both assets in December of year 1 (the current year), what effect will the sales have on Arunas tax liability

Aruna's tax will

by