Question 28 071 point Which of the following items is not included in the taxable basis of an investment? Cash used to purchase the investment. Amounts paid to improve the property. Annual property taxes paid on the investment property. The fair market value of property transferred to acquire the investment. Question 30 0/1 point Jonas is in the 32% marginal tax bracket. He recently sold a coin for $125,000 that he had purchased five years earlier for $25,000. How much federal income tax will Jonas pay on this transaction? $15,000. $25,000 $28,000. $32,000