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CAN YOU PLEASE SHOW THIS PROBLEM VERY CLEARLY WITH A DETAILED EXPLAINATION FOR THE SOLUTION THANK YOU! PLEASE SHOW THIS CLEARLY Matt and Meg Comer

CAN YOU PLEASE SHOW THIS PROBLEM VERY CLEARLY WITH A DETAILED EXPLAINATION FOR THE SOLUTION THANK YOU!

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PLEASE SHOW THIS CLEARLY

Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt works as a history professor at a local university and earns a salary of $72,000. Meg works part-time at the same university. She earns $30,100 a year. The couple does not itemize deductions. Other than salary, the Comers' only other source of income is from the disposition of various capital assets (mostly stocks). (Use the What is the Comers' tax liability for 2021 if they report the following capital gains and losses for the year? Short-term capital gains Short-term capital losses Long-term capital gains Long-term capital losses $ 20,500 (13,500) 26,500 (17,500) Total tax liability What is the Comers' tax liability for 2021 if they report the following capital gains and losses for the year? Short-term capital gains Short-term capital losses Long-term capital gains Long-term capital losses $ 1,500 0 24,500 (21,500) Total tax liability

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