Tom Johnson, whose marginal tax rate on ordinary income is 22%, sold four investment assets resulting in the following capital gains and losses. Short-term capital gain$3,800 Short-term capital loss$(5,000)Long-term capital gain$39,000 Long-term capital loss$(35,100)How much of Tom's net capital gain is taxed at 15%?
A. $42,800
B. $0
C. $2,700
D. $3,900
Answer: C
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