Antonio is single and has a taxable income of 150000

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Antonio is single and has a taxable income of $150,000 without considerin the sale of a capitl asset (land held for investment) in September of 2011 for $25,000. That asset was purchased six years earlier and has a tax basis of $5,000. The tax liability applicable to only the caital gain is?

Reference no: EM13585104

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Antonio is single and has a taxable income of 150000 : antonio is single and has a taxable income of 150000 without considerin the sale of a capitl asset land held for

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