Perry, a single taxpayer, has taxable income of $198,000 and is in the 32% tax bracket. During 2021, he had the following capital asset transactions: Gain from the sale of a stamp collection (held for 10 years) $30,000 Gain from the sale of an investment in land (held for 4 years) 10,000 Gain from the sale of stock investment (held for 8 months) 4,000 Perry's tax consequences from these gains are as follows: a.(15% × $10,000) + (28% × $30,000) + (32% × $4,000). b.(0% × $10,000) + (28% × $30,000) + (32% × $4,000). c.(15% × $30,000) + (32% × $4,000). d.(15% × $40,000) + (32% × $4,000).

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine