Problem $4-30($LO $4-1)($Algo$)$

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$[$The following information applies to the questions displayed below.$]$

Aram's taxable income before considering capital gains and losses is $$83,000.$ Determine Aram's taxable income and how much of the income will be taxed at ordinary rates in each of the following alternative scenarios $($assume Aram files as a single taxpayer$).$

Problem $4-30$ Part d $($Algo$)$

d$.$ Aram sold a capital asset that he owned for more than one year for a $$3,690$ gain, a capital asset that he owned for more than one year for a $$530$ loss, a capital asset that he owned for six months for a $$430$ gain, and a capital asset he owned for two months for a $$2,360$ loss.!

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Problem $4-30($LO $4-1)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Aram's taxable income before considering capital gains and losses is $$83,000.$ Determine Aram's taxable income and how

much of the income will be taxed at ordinary rates in each of the following alternative scenarios $($assume Aram files as a

single taxpayer$).$

Problem $4-30$ Part d $($Algo$)$

d$.$ Aram sold a capital asset that he owned for more than one year for a $$3,690$ gain, a capital asset that he owned for more than one

year for a $$530$ loss, a capital asset that he owned for six months for a $$430$ gain, and a capital asset he owned for two months for a

$$2,360$ loss.

Answer is complete but not entirely correct.