Sachi Is Single and Has Taxable Income of $33,000 Without

Multiple Choice

Sachi is single and has taxable income of $33,000 without considering the sale of a capital asset in November of 2016 for $15,650.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) $0.
B) $2,662.50.
C) $1,597.50.
D) $900.