an example of previous problem

Required information [The following information applies to the questions displayed belowj During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and Capital Asset Market Value L stock M stock N stock 0 stock Antiques Rental home Tax Basis $42,200 40,200 23,200 34,200 5,200 91,200 Holding Period s 1 year > 1 year k 1 yean k1 year > 1 yean > 1 year $ 52,400 30,400 32,400 28,400 9,400 302,400* *$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 $22,400 (all ordinary) before considering the tax effect of their asset sales what is their gross tax liability for 2018 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.) Gross tax liability Required information [The following information applies to the questions displayed belowj During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and Capital Asset Market Value L stock M stock N stock 0 stock Antiques Rental home Tax Basis $42,200 40,200 23,200 34,200 5,200 91,200 Holding Period s 1 year > 1 year k 1 yean k1 year > 1 yean > 1 year $ 52,400 30,400 32,400 28,400 9,400 302,400* *$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 $22,400 (all ordinary) before considering the tax effect of their asset sales what is their gross tax liability for 2018 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.) Gross tax liability