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LeRoy Has the Following Capital Gains and Losses for the Current

Question 58

Multiple Choice

LeRoy has the following capital gains and losses for the current year:
 Short-term capital gain $10,000 Collectible loss (3,000)  Long-term capital gain 5,000\begin{array}{lc}\text { Short-term capital gain } & \$ 10,000 \\\text { Collectible loss } & (3,000) \\\text { Long-term capital gain } & 5,000\end{array}
If LeRoy is single and has taxable income from other sources of $52,000,what is the tax on his capital gains?


A) $1,800
B) $2,800
C) $2,910
D) $3,000

Correct Answer:

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