Sue has a $10,000 loss on some collectibles, a $5,000 Sec. 1202 gain, and an $11,000 gain on some securities.

Sue has a $10,000 loss on some collectibles, a $5,000 Sec. 1202 gain, and an $11,000 gain on some securities. If all gains and losses are long-term and Sue is in the 25 percent tax bracket, how is her net gain taxed?

a. $5,000 at 25%; $1,000 at 15%

b. $6,000 at 28%

c. $5,000 at 28%; $1,000 at 15%

d. $6,000 at 15%

e. None of the above