Mr. Carp, a single taxpayer, recognized a $44,000 long-term capital gain, a $12,000 short-term capital gain, and a $10,000 long-term capital loss. Compute Mr. Carp's 2020 income and Medicare contribution tax if his taxable income before consideration of his capital transactions is $465,000, none of which is investment income

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The Answer of Mr. Carp, a single taxpayer, recognized a $44,000 long-term capital gain, a $12,000 short-term capital gain, and a $10,000 long-term capital loss. Compute Mr. Carp's 2020 income and Medicare contribution tax if his taxable income before consideration of his capital transactions is $465,000, none of which is investment income

Mr Carp, a Single Taxpayer, Recognized a $44,000 Long-Term Capital