The tax law requires that capital gains and losses be separated from other types of gains and losses. Among the reasons for this treatment are: a. Long-term capital gains may be taxed at a lower rate than ordinary gains. b. Short-term capital losses are never deductible. c. A net capital loss is deductible only up to $3,000 per year against non-capital income for individual taxpayers. d. Both choices a. and care reasons. QUESTION 18 Ryan has the following capital gains and losses for 2019: Short-term capital loss ($6,000), 28% gain $5,000, 25% gain $2,000, 0%,15%, 20% gain $6,000. Which of the following is correct? a. The net capital gain is composed of $0 at 28% gain, $1,000 25% gain and $6,000 0%/15%/20% gain. b. The net capital gain is composed of $5,000 28% gain and $2,000 0%/15%/20% gain. C. The net capital gain is composed of $3,000 28% gain, $2,000 25% gain, and $2,000 0%/15%/20% gain. d. The net capital gain is composed of $1,000 28% gain and $6,000 0%/15%/20% gain