Sanjay is single and has taxable income of $23,000 without considering the sale of a capital asset in November of 2018 for $15,000. 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

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The Answer of Sanjay is single and has taxable income of $23,000 without considering the sale of a capital asset in November of 2018 for $15,000. 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

Sanjay Is Single and Has Taxable Income of $23,000 Without