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Martin Garrix reported taxable income in 20X2 of $150,000, which included the following transactions: In June 20X2, Martin sold 100 shares of stock for $40

Martin Garrix reported taxable income in 20X2 of $150,000, which included the following transactions:

  1. In June 20X2, Martin sold 100 shares of stock for $40 per share. He had purchased them three months earlier for $31 per share.
  2. In October 20X2, Martin sold 200 shares of stock for $79 per share. He had purchased them three years earlier for $56 per share.

Martin had no dividend income in 20X2.

If long-term capital gains are taxed at 15% and all ordinary income is taxed at 25%, what is Martin's tax liability for 20X2?

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