Bill had the following gains and losses on asset sales: $500 gain on stock held 11 months; a $2,300 gain on land held two years; $1,900 loss on gold coins held two years; $1,200 gain on antique toys held three years; and a $1,300 loss on investment land held six months. Determine Bill’s taxable income and income tax for 2018 assuming Bill is married, has no dependents, files a joint return with his wife using the standard deduction, and their only other income is Bill’s salary of $240,000.