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Ch The following information applies to the questions displayed below] During the current year, Ron and Anne sold the following assets: (Use the dividends and
Ch 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 1 year 1 year 1 year s 58,800 $41,000 L stock M stock N stock o stock 28,000 30,000 26,000 39,000 22,000 4,800 1 year 1 year 38e,eee* $30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Net Investment Income Tax. a. Glven that Ron and Anne have taxable income of only $20,000 (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
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