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b. Given that Ron and Anne have taxable income of $402,200 (all ordinary) before considering the tax effect of their asset sales, what is their
b. Given that Ron and Anne have taxable income of $402,200 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2023 assuming they file a joint return?
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.) *\$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Net Investment Income Tax. Given that Ron and Anne have taxable income of only $18,900 (all ordinary) before considering the tax effect of their asset sales, hat is their gross tax liability for 2023 assuming they file a joint return
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