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Assume that Neumann is married, has no other income, his basis in his SoftBank shares is $1 million, representing an investment that took place more

Assume that Neumann is married, has no other income, his basis in his SoftBank shares is $1 million, representing an investment that took place more than one year ago, and that the payments above are averaged over four years.That is, the first-year consulting payment is $46.25 million, and he will sell $242.5 million of WeWork stock in the first year.Focus only on ordinary income, and capital gains.Remember to take the standardized deduction, even though it is jokingly small compared to the large figures discussed.Ignore the alternative minimum tax.My motivation for assigning this exercise if MC Property question 21 (copied below)

Using 2018 tax rates, calculate Mr. and Mrs. Neumann's tax liability for 2018 (assume that the first year of payments is 2018 rather than 2019).You must clearly show your calculations and tables used.

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