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c. In the months October through December 2022, WAR sold various assets to come up with the funds necessary to invest in WAR's latest and
c. In the months October through December 2022, WAR sold various assets to come up with the funds necessary to invest in WAR's latest and greatest invention-the three-dimple golf ball. Data on these assets are provided below: d. Finally, on May 7, 2022, WAR decided to sell the building where it tested its plutonium shaft, lignite head drivers. WAR purchased the building on January 5, 2010, for $250,000 ( $218,000 for the building, $32,000 for the land). At the time of the sale, the accumulated depreciation on the building was $62,000. WAR sold the building (with the land) for $372,000. The fair market value of the land at the time of sale was $57,000. Note: Do not round intermediate computations. Round your final answers to the nearest whole dollar amount. Loss amounts should be indicated by a minus sign. Compute Mr. Woods's tax liability for the year. (Ignore any net investment income tax for the year and assume the 20 percent qualified business income deduction is included in taxable income before these transactions.) Use Tax rate schedules, dividends and capital gains tax rates for reference. \begin{tabular}{|l|l|} \hline Tax Liability: & \\ \hline Tax on ordinary income & \\ \hline Tax on 25% Gain & \\ \hline Tax on 0/15/20% Gain (taxed at 20% ) & \\ \hline Total tax liability & $ \\ \hline \end{tabular}
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