#3 Soved ! Required information [The following information applies to the questions displayed below.) During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and tax rate schedules.) ed Capital Asset L stock M stock N stock O stock Antiques Rental hone Market Value $ 51,200 29, 200 31,200 27,200 8,200 301,200 Tax Basis $41,600 39,600 22,600 33,600 4,600 90,600 Holding Period > 1 year > 1 year 1 year > 1 year *$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Net Investment Income Tax a. Given that Ron and Anne have taxable income of only $21,200 (all ordinary before considering the tax effect of their asset sales. what is their gross tax liability for 2020 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.) Cross tax lady 0 9 Required information (The following information applies to the questions displayed below.) During the current year, Ron and Anne sold the following assets. Use the dividends and capital gains tax rates and textate schedules) 2 of 2 Capital Asset I stock stock stock Ostock Market Value $ 51,200 29,200 31,200 27,200 8,200 301,200 Tax Basis 541,600 39,660 22,500 19,500 1,500 90,600 Holding Period > 1 year 1 year C1 year 1 year 1 year > 1 year Rental home *$30,000 of the gainis percent gain (from accumulated depreciation on the property Ignore the Net Investment Income Tax b. Given that Ron and Anne have taxable income of $401,200 (all ordinary before considering the tax effect of their asset sales. What is the gross tax liability for 2020 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.) Required information [The following information applies to the questions displayed below. Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $3.050 in investment expenses. They also incur $4.750 of investment interest expense during the year. The Porters Income for the year consists of $171.000 in salary and $3.970 of Interest income. a. What is the amount of the Porters Investment interest expense deduction for the year? Investment interest expense deduction