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Required information [ The following information applies to the questions displayed below. ] Aram's taxable income before considering capital gains and losses is $ 6

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[The following information applies to the questions displayed below.]
Aram's taxable income before considering capital gains and losses is $64,000. 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).
c. Aram sold a capital asset that he owned for more than one year for a $2,540 loss, a capital asset that he owned for six months for a $4,280 gain, and a capital asset he owned for two months for a $340 loss.
Taxable income Income taxed at ordinary rates
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