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 $72,000. 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). roblem 4-30 Part b (Algo) Aram sold a capital asset that he owned for more than one year for a $2,120 gain, a capital asset that he owned for more than one ar for a $2,740 loss, a capital asset that he owned for six months for a $320 gain, and a capital asset he owned for two months for a 2,140 loss