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I need the computation for the following question. 10. Shannon has a long-term capital loss of $7,000 on the sale of bonds in 2012. His

I need the computation for the following question.

10. Shannon has a long-term capital loss of $7,000 on the sale of bonds in 2012. His taxable income without this transaction is $48,000. What is his taxable income considering this capital loss?

a. $ 55,000

b. $ 48,000

c. $ 45,000

d. $ 41,000

e. Some other amount

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