Problem $16-46($L$0\mathrm{.}5)$

Jane and Blair are married taxpayers filing jointly and have $2023$ taxable income of $$117,000.$ The taxable income includes $$5,000$ of gain from a capital asset held five years, $$2,100$ of gain from a capital asset held seven months, and $$13,000$ of gain from a capital asset held four years. All of the capital assets were stock in publicly traded corporations. Jane and Blair also have qualified dividend income of $$3,000$

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Indicate whether the following items are subject to the alternative tax computation. Select "Yes" if subject to the alternative tax computation; otherwise select $"No".$

a$.$ $$5,000$ of gain from a capital asset held five years

b$.$ $$13,000$ of gain from a capital asset held four years

c$.$ $$3,000$ of qualified dividend income

d$.$ $$2,100$ of gain from a capital asset held seven months

What is the couple's tax on taxable income and the related tax savings from the alternative tax computation $($if any$)?$

The couple's tax on taxable income using the alternative tax calculations is $

The related tax savings from the alternative tax computation is $