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12. Fred, whose filing status is single, is in the 24% marginal tax bracket and...

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12. Fred, whose filing status is single, is in the 24% marginal tax bracket and had the following capital asset transactions during 2021. Long term gain from the sale of a land investment $10,000 Long-term gain from the sale of a coin collection 11.000 Short-term gain from the sale of a stock investment 2.000 Fred's tax liability from these gains is computed as follows: a) (18% S10,000) (24%*$13,000) (184 * $10.000) (28% * $11.000) + (24% * $2,000) (15%*$12,0001) (24% * $11.000) d) (24 $13.000) (28 * $11.000) el (18% S12.000) 38% S11.000)

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