Problem $16-43($LO$.5)$

Paul has the following long$-$term capital gains and losses for $2023$ : $$62,00028\%$ gain, $$21,00028\%$ loss, $$18,00025\%$ gain, and $$64,0000\frac{\%}{15}\frac{\%}{20}\%$ gain. He also has a $$53,000$ short$-$term loss and a $$5,000$ short$-$term gain. He has no other income.

a$.$ What is Paul's AGI from these transactions?

Paul's AGI is &

b$.$ If he has a net long$-$term capital gain, what is its makeup in terms of the alternative tax rates?

Paul's net long$-$term capital gain is made up of a $ $25\%$ gain, and a $ $0\frac{\%}{15}\frac{\%}{20}\%$ gain in terms of the alternative tax rates.