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Kirby, a single taxpayer, has taxable income of $40,000 and is in the 12% tax bracket. During 2023, she had the following capital asset transactions:
| Long-term gain from the sale of a coin collection | $11,000 |
| Long-term gain from the sale of a land investment | 10,000 |
| Short-term gain from the sale of a stock investment | 2,000 |
Kirby's tax consequences from these gains are as follows:
a. (12% $23,000).
b. (5% $10,000) + (12% $13,000).
c. (12% $13,000) + (28% $11,000).
d. (0% $10,000) + (12% $13,000).
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