Chuck Dobbs is a single individual with taxable income of $35,000 for the 2020 tax year. His marginal tax bracket is 12%. Included in this amount is a $5,000 gain from the sale of mutual fund shares on December 5th of 2020. Chuck bought these shares on January 16th, 2016.

The $5,000 gain from the sale of the mutual fund shares will be taxed at a ______ rate.

Question options:

12%

0%

none of the above