Answer:
The correct amount of capital gain tax for the current year would be B) $1650 .
Explanation:
Capital gain can be described as the profit that a person or company earns when sale price of the asset is more than the original purchase price of the asset. Capital gain tax can be defined as the tax that is levied on the capital gain earned by a person or company.
Given information -
Taxable income - $60,000
Long term capital gain - $28,000
Long term capital loss - $17,000
Tax that will be levied as per the income would be 15%,
then capital gain tax =
($28,000 - $17,000) x 15%
$9000 x 15%
= $1650