During the year, Shanta had the following transactions involving capital assets.

Transaction: Gain on the sale of a coin collection (held as an investment for 10 years) / Amount: 8,000 / Long Term Capital Gain

Transaction: Gain on the sale of corporate stock (purchased two years ago as an investment) / Amount: 1,000 / Long Term Capital Loss

Transaction: Loss on the sale of sail boat held as an investment (acquired eight months ago) / Amount (5,000) / Short Term Capital Loss

a. Overall, Shanta has a long term captial gain of 4,000. However, _________ of this gain is from collectibles, which are taxed at a minimum of 28%.

b. If Shanta is in the 32% bracket, how much income tax results?

c. If Shantan is in the 12% bracket, how much income tax results?