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

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Aram's taxable income before considering capital gains and losses is $$63,000.$ 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 b $($Algo$)$

b$.$ Aram sold a capital asset that he owned for more than one year for a $$2,030$ gain, a capital asset that he owned for more than one year for a $$2,560$ loss, a capital asset that he owned for six months for a $$230$ gain, and a capital asset he owned for two months for a $$1,960$ loss.