Antonio is single and has taxable income of $170,000 without…

Antonio is single and has taxable income of $170,000 without considering the sale of a capital asset (land held for investment) in September of 2024 for $25,000. That asset was purchased six years earlier and has a tax basis of $5,000. The 2024 tax liability applicable to only the capital gain (without consideration of any additional Medicare tax) is