Capital gains. Erinna and Sophia are married and file jointly. In 2020, Erinna earned a salary of $74,800 and Sophia was a full-time student with no earnings. They also realized a gain of $40,000 on the sale of a capital asset that they had held for seven years. They had no other income or transactions. They had no "for AGI deductions and took the standard deduction ($24,800). How much of their capital gain is taxed at a 0% rate and how much at a 15% rate? 0% rate: $0; 15% rate: $40,000 0% rate: $20,000; 15% rate: $20,000 0 : 0% rate: $40,000; 15% rate: $0 0% rate: $30,000; 15% rate: $10,000 0% rate: $5,600; 15% rate: $34,400