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6. John and Mary are in their 50s, married, and have no children. They have salaries of a total of $100,000 with 18,000 in Federal

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6. John and Mary are in their 50s, married, and have no children. They have salaries of a total of $100,000 with 18,000 in Federal withholding. They have the following other items of note: Interest from Bank of Texas 10,000 Qualifying dividends 3,000 Non-qualifying dividends 2,000 Sales of the followin- securities: Bought Sold Sales Price 01/01/85 02/01/17 3000 01/01/17 02/01/17 15000 01/01/85 02/01/17 12000 8000 @ 01/01/85 02/01/17 3000 4000 01/01/17 02/01/17 5000 2000 What are their net long term capital gains or losses? What are their net short term capital gains or losses? Compute their adjusted gross income. Compute their taxable income. Compute their tax due or refund

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