Samuel Jenkins made two investments; the first was 13 months ago
and the second was two months ago. He just sold both investments
and has a capital gain of $4,000 on each. If Samuel is single and
has taxable income of $40,000, what will be the amount of capital
gains tax on each investment? See Capital Gains table and Taxable
income rate table. Investment 1 held 13 months and investment 2
held 2 months