Perry Is in the 33% Tax Bracket

Multiple Choice

Perry is in the 33% tax bracket.During 2015,he had the following capital asset transactions: Gain from the sale of a stamp collection (held for 10 years) $30,000 Gain from the sale of an investment in land (held for 4 years) 10,000 Gain from the sale of stock investment (held for 8 months) 4,000 Perry's tax consequences from these gains are as follows:

A) (15% × $30,000) + (33% × $4,000) .
B) (15% × $10,000) + (28% × $30,000) + (33% × $4,000) .
C) (0% × $10,000) + (28% × $30,000) + (33% × $4,000) .
D) (15% × $40,000) + (33% × $4,000) .
E) None of these.