Capital Gain–Maximum Tax Rate. The Theisman Company and its sole shareholder John Theisman each have a net capital gain of $100,000. John Theisman is in the maximum individual capital gain tax bracket...

Capital Gain–Maximum Tax Rate. The Theisman Company and its sole shareholder John Theisman each have a net capital gain of $100,000. John Theisman is in the maximum individual capital gain tax bracket (28 percent) and the Theisman Company is in the maximum corporate tax bracket (35 percent). What is the tax liability resulting from the capital gain?