In 2018, an individual taxpayer has $863,000 of taxable income that includes $48,000 of 0%/15%/20% long-term capital gain. Which of the following statements is correct?

a. All of the LTCG will be taxed at 0%.

b. All of the LTCG will be taxed at 15%.

c. All of the LTCG will be taxed at 20%.

d. All of the LTCG will be taxed at 39.6%.

e. None of the above