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 2017 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 2017 income and Medicare contribution tax if his taxable income before consideration of his capital transactions is $465,000,none of which is investment income

MrCarp,a Single Taxpayer,recognized a $44,000 Long-Term Capital Gain,a $12,000 Short-Term