D Question 8 1 pts 6. Bono (who is single) has salary income of $200,000 and adjusted gross income of $200,000. He has total allowable itemized deductions of $20,000 each year. There is no state income tax. He paid $50,000 for 100 shares of IBM stock 4 years ago. He plans to sell all of the IBM stock for its current value of $40,000 on December 29, 2020? How much 2020 income tax will he save on his 2020 federal tax return as a result of this sale? O $2,200 O $1,500 O $450 O $960