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Aram's taxable income before considering capital gains and losses is $68,000. Determine Aram's taxable income and how much of the income will be taxed at ordinary rates in each of the following alternative scenarios (assume Aram files as a single taxpayer).

Aram sold a capital asset that he owned for more than one year for a $5,160 gain, a capital asset that he owned for more than one year for a $580 loss, a capital asset that he owned for six months for a $1,360 gain, and a capital asset he owned for two months for a $980 loss.

Taxable Income______

Income taxed at ordinary rates______

Aram sold a capital asset that he owned for more than one year for a $2,080 gain, a capital asset that he owned for more than one year for a $2,660 loss, a capital asset that he owned for six months for a $280 gain, and a capital asset he owned for two months for a $2,060 loss.

Taxable Income______

Income taxed at ordinary rates______

Aram sold a capital asset that he owned for more than one year for a $2,580 loss, a capital asset that he owned for six months for a $4,360 gain, and a capital asset he owned for two months for a $380 loss.

Taxable Income______

Income taxed at ordinary rates______

Aram sold a capital asset that he owned for more than one year for a $3,240 gain, a capital asset that he owned for more than one year for a $380 loss, a capital asset that he owned for six months for a $280 gain, and a capital asset he owned for two months for a $2,060 loss.

Taxable Income______

Income taxed at ordinary rates______

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