Perry is in the 32% tax bracket. During 2018, 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% $30,000) + (32% $4,000).

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

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

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

e.None of these choices are correct.