for 2016, frank has the following capital gains and losses: $20,000 28% gain, 10,000 25%...
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Accounting
for 2016, frank has the following capital gains and losses: $20,000 28% gain, 10,000 25% gain, 5,000 short term capital gain, and 17,000 short term capital loss. As a result, for 2016, Frank has
A. a net capital gain is composed of 20,000 28%, 10,000 25% gain, and 5,000 short term capital gain
B. a net capital gain is composed of 18,000 28% gain
C. a net capital gain is composed of 8,000 28% gain and 10,000 25% gain
D. a net capital gain is composed of 18,000 0%/15%/20% gain
E. none of the above
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