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Jason has three capital transactions for the current year: short term capital loss of $5,000 short term capital gain of $3,000 long term capital gain

Jason has three capital transactions for the current year: short term capital loss of $5,000 short term capital gain of $3,000 long term capital gain of $2,000 What is the net effect on Jason's taxes if he is in the 32% tax bracket?

a. $1,280 tax reduction

b. $960 tax reduction

c. $800 tax reduction

d. $450 tax reduction

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