Required information [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). d. Aram sold a capital asset that he owned for more than one year for a $3,120 gain, a capital asset that he own for more than one year for a $340 loss, a capital asset that he owned for six months for a $240 gain, and a capi asset he owned for two months for a $1,980 loss. Taxable income Income taxed at ordinary rates