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1) Henry and Jane, MFJ taxpayer (taxable income is $305,000 before considering any of the items below), sold the following assets during the year: $25,250
1) Henry and Jane, MFJ taxpayer (taxable income is $305,000 before considering any of the items below), sold the following assets during the year: $25,250 of the gain is a 25 percent gain. The remaining gain is 0% or 15% or 20%. Henry also has $5,000 of dividends which are not included in the $305,000. What is Henry's total tax liability? Note: Round final answer to the nearest whole number. Blank 1
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