How much of Jorge's net gains will be subject to a 28% tax rate?

A) 4,000

B) 3,000

C) 2,000

D) 1,000

E) Zero

Jorge had gains and losses from the following transactions: Gain from the sale of land held for two years used in business Loss from sale of business equipment held for more than one year Collectibles Gain (Long-term) Gain on the sale of stock of Oshkosh Corp. held five years as an investment......... Loss on the sale of Texas Instrument stock held ten years as an investment 12,000 (8,000) 1,000 6.000 (7,000) He also has: Salary Interest income on a certificate of deposit Interest income on municipal bond Long-term capital loss carryover 142,500 500 300 (2,000)