Required information

Problem $4-30($LO $4-1)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Aram's taxable income before considering capital gains and losses is $$82,000.$ Determine Aram's taxable

income and how much of the income will be taxed at ordinary rates in each of the following alternative

scenarios $($assume Aram files as a single taxpayer$).$

Problem $4-30$ Part d $($Algo$)$

d$.$ Aram sold a capital asset that he owned for more than one year for a $$3,660$ gain, a capital asset that he owned for more than

one year for a $$520$ loss, a capital asset that he owned for six months for a $$420$ gain, and a capital asset he owned for two

months for a $$2,340$ loss.