Perry, a single taxpayer, has taxable income of $198,000 and is in the 32% tax bracket. During 2023, he had the following capital asset transactions:

Gain from the sale of a stamp collection (held for 10 years)	$30,000
Gain from the sale of an investment in land (held for 4 years)	10,000
Gain from the sale of stock investment (held for 8 months)	4,000

Perry's tax consequences from these gains are as follows:

a. (15% $10,000) + (28% $30,000) + (32% $4,000).

b. (15% $40,000) + (32% $4,000).

c. (15% $30,000) + (32% $4,000).

d. (0% $10,000) + (28% $30,000) + (32% $4,000).