In 20X1, Amanda bought a piece of land for $200,000. In 20X2, she sold this land for $300,000. She paid $7,500 in commission and $2,500 in legal fees. What will be her taxable capital gain for this sale?

Question 2 options:

1)

$100,000

2)

$ 90,000

3)

$ 40,000

4)

$ 45,000