Samuel Jenkins made two investments; the first was 14 months ago and the second was two months ago. He just sold both investments and has a capital gain of $12,500 on each. If Samuel is single and has taxable income of $40,000, what will be the amount of capital gains tax on each investment? See Capital Gains table and Taxable income rate table. Capital Gains Tax Investment 1 (held 14 months) Investment 2 (held 2 months) Ross Martin arrived at the following tax information: Tax Information Gross salary Interest earnings Dividend income Standard deduction Itemized deductions Adjustments to income $ 56,290 210 75 12,000 11,260 1,250 What amount would Ross report as taxable income? Taxable income $ 32,065 X Imari Brown arrived at the following tax information: Tax Information Gross salary Additional small business income (at 20% tax rate) Interest earnings Dividend income Standard deduction Itemized deductions Adjustments (subtractions) to income $ 37,780 10,600 220 80 12,000 14,280 5,600 What amount would Imari report as taxable income? Taxable income $ 16,800