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5. Assume that Brittany is an unmarried taxpayer with no dependents. In the current year, Brittany has $45,000 of ordinary taxable income as well as
5. Assume that Brittany is an unmarried taxpayer with no dependents. In the current year, Brittany has $45,000 of ordinary taxable income as well as the following asset sales: - A short-term capital loss on stock of ($20,000) - A short-term capital gain on stock of $25,000 - A long-term capital loss on stock of ($7,000) - A long-term capital gain on stock of $15,000 - A long-term capital loss on antique furniture of ($20,000) - A long-term capital gain on certain depreciable property of $35,000, which qualifies for the 25% tax rate. What is Brittany's total tax liability? Assume the same information as above, except that Brittany has $15,000 of ordinary taxable income before the asset sales, instead of $45,000. Now, what is Brittany's total tax liability
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