Question: For this year, Wilma is a single individual whose taxable income puts her into the 33% bracket. Wilma's taxable income includes so much long-term capital

For this year, Wilma is a single individual whose taxable income puts her into the 33% bracket. Wilma's taxable income includes so much long-term capital gain that her ordinary taxable income is not large enough to get her out of the 15% bracket.

a.

All of Wilma's long-term capital gain will be taxed at 15%.

b.

Some of Wilma's long-term capital gain will be taxed at 33%.

c.

Some of Wilma's long-term capital gain will be taxed at 0% as long as the gain is not taxed at the special rates for certain 1250 real estate or collectibles.

d.

Wilma is not eligible for the alternative tax on long-term capital gains.

e.

None of the above.

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