hapter 4 Homework Assignment Seved 6 2 eBook Print ences Aram's taxable income before considering capital gains and losses is $80,000. Determine Aram's taxable income and how much of the Income will be taxed at ordinary rates in each of the following alternative scenarios (assume Aram files as a single taxpayer). Required: a. Aram sold a capital asset that he owned for more than one year for a $5,400 gain, a capital asset that he owned for more than one year for a $700 loss, a capital asset that he owned for six months for a $1,600 gain, and a capital asset he owned for two months for a $1,100 loss b. Aram sold a capital asset that he owned for more than one year for a $2,200 gain, a capital asset that he owned for more than one year for a $2.900 loss, a capital asset that he owned for six months for a $400 gain, and a capital asset he owned for two months for a $2,300 loss c. Aram sold a capital asset that he owned for more than one year for a $2,700 loss, a capital asset that he owned for six months for a $4,600 gain, and a capital asset he owned for two months for a $500 loss d. Aram sold a capital asset that he owned for more than one year for a $3,600 gain, a capital asset that he owned for more than one year for a $500 loss, a capital asset that he owned for six months for a $400 gain, and a capital asset he owned for two months for o $2,300 loss Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Aram sold a capital asset that he owned for more than one year for a $5,400 gain, a capital asset that he owned for more than one year for a $700 loss, a capital asset that he owned for six months for a $1,600 gain, and a capital asset he owned for two months for a $1,100 loss. Taxable income Income taxed at ordinary rates Required B < Prev 2 of 15 Next >