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Brandon an individual, began business four years ago and has sold 51231 sets with 55.200 of fosses within the last five years. Brandon owned each

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Brandon an individual, began business four years ago and has sold 51231 sets with 55.200 of fosses within the last five years. Brandon owned each of the assets for several years. In the current year, Brandon sold the following business assets Asset Machines Land Building Original Cost $ 30,000 44.000 99.000 Accumulated Depreciation 57.100 Gain/Loss $ 10,200 22,000 1.000) 24,000 Assuming Brandon's marginal ordinary income tax rate is 32 percent wat effect do the gains and losses have on Brandon's tax by Use didends and bitonin tax rates for reference Multiple Choice 523.200 ordinary come and 57424 taxabit 523.200 11231 and 3 480 tab $10.500 12.31 $12.600 ordinary income, and 55.622 taxabit $12.600 23 510,600 dinary income, and $5282 Tax Rates Capital de donds Taxable income Rite Married Filing Jointly Married Filing Separately Single lead of low boll Trust and Estates SO SRO $0 $10.000 SO - 540,000 50 55100 50 - $2.SO 15 $1001 $49.000 $40,001 - 5245 100 50.00 $441,450 5511 5169.050 52,651 - 513,150 5496,601 248101- $441451 546905 $13,151+ Tiles to the capital gains and qualified and that all when the range of sale income specified in the alle fut capital gains and qualified dividend are included tlaxchle incor

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