Brandon, an individual, began business four years ago and has sold §1231 assets with $5,900 of losses within the last 5 years. brandon owned each of the assets for several years. in the current year, brandon sold the following business assets: asset original cost accumulated depreciation gain/loss machinery $ 31,800 $ 8,800 $ 10,900 land 58,000 0 29,000 building 126,000 38,000 (23,000 ) assuming brandon's marginal ordinary income tax rate is 32 percent, what effect do the gains and losses have on brandon's tax liability? use dividends and capital gains tax rates for reference.

11

Explanation: With the number of patients diagnosed with COVID-19, or coronavirus, climbing, where has the virus been found in the United States. The Centers for Disease Control and Prevention has been tracking it and is updating the map below with the latest numbers of confirmed positive coronavirus test results.COVID-19 cases in the United States by date of illness Florida cases. the death is 11 the recovered is zero and some state is shut down because of the coronavirus united state cases 24,738+6617 which is 31,355 can be the death you never know and maybe some recovered like 147+22 which is 169 the Confirmed is 303,594 +31,552 which is 355,146 death is maybe 12,964+1,665 which is 14,629 the recovered is 94,625 +4007 is 98,632 . at least                                      More Than 195,000 People In The U.S. Have Been Tested For Coronavirus