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Avinash is unmarried and has a qualifying dependent child, Orion. Orion lives with Avinash for the full year. Avinash has the following transactions in 2020

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Avinash is unmarried and has a qualifying dependent child, Orion. Orion lives with Avinash for the full year. Avinash has the following transactions in 2020 Purchased in 2002 for $1,000 Sold ABC stock for $20,000 Sold XYZ stock for $10,000 Purchased in 2020 for $15,000 Avinash has $60,000 of taxable income, including the gains and/or losses above. What is his 2020 tax liability? $7,338 a b. $8,010 Oc $7,024 d. $6,198 Avinash is unmarried and has a qualifying dependent child, Orion. Orion lives with Avinash for the full year. Avinash has the following transactions in 2020 Purchased in 2002 for $1,000 Sold ABC stock for $20,000 Sold XYZ stock for $10,000 Purchased in 2020 for $15,000 Avinash has $60,000 of taxable income, including the gains and/or losses above. What is his 2020 tax liability? $7,338 a b. $8,010 Oc $7,024 d. $6,198

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