Connor, single, is in the 32% tax bracket, and his taxable income is $130,000. He had the
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Connor, single, is in the 32% tax bracket, and his taxable income is $130,000. He had the following capital asset transactions during 2021: Long-term gain from the sale of a stock investment $13,000 Short-term gain from the sale of a stock investment 4,000 Connor's tax consequences from these gains would be:
a. (32% × $4,000) + (15% × $13,000).
b. (5% × $4,000) + (32% × $17,000).
c. (32% × $17,000).
d. (32% × $17,000) + (28% × $13,000).
e.(32% × $14,000).
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