Wayne is single and has no dependents, without considering his $11,000 adjusted net capital gain, his taxable income, which inculdes no investement income in 2016 is as follows:
AGI: 259,400
Home Mortage Interest: 22,100
State and local income taxes: 8,000
Charitable Contributions: 7,000
Personal Exemption: 4,050 Total: 41,150
Taxable Income : 218,250
What is Wanye's tax liability with Adjusted Net Capital Gain?