John sold Apple stock for a $200 realized gain on March 1st. He bought the stock on June 15th of last year. He realized a gain of $180 on the sale of Google stock on April 2nd of this year. He bought the Google stock on January 15th of last year. He also received a qualified dividend income of $110 from various domestic companies. He received another $50 in interest income from bonds he invested in. What is the amount of adjusted net capital gains (i.e., the amount taxed at preferential rates)?

a. $490

b. $290

c. $540

d. $380

e. None of the other answers are correct.

Answer rating: 100% (QA)

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