Question: During 2 0 2 4 , Inez ( a single taxpayer ) had the following transactions involving capital assets: Gain on the sale of unimproved

During 2024, Inez (a single taxpayer) had the following transactions
involving capital assets:
Gain on the sale of unimproved land (held as an investment for 3 years) $ 6,000
Loss on the sale of a camper (purchased 2 years ago and used for family
vacations)
(5,000)
Gain on the sale of ADM stock (purchased 9 months ago as an investment)2,450
Gain on the sale of a fishing boat and trailer (acquired 18 months ago at an
auction
and used for recreational purposes)1,000
How much income tax results from these capital asset transactions if:
a. Inez has taxable income of $198,450

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