Sachi is single and has taxable income of $33,000 without considering the sale of a capital asset in November of 2018 for $20,000. That asset was purchased six years earlier and has a tax basis of $5,000. The tax liability applicable to only the capital gain is
A. $2,250.
B. $3,000.
C. $1,410.
D. $0.
Answer: C
Business
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