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. Tax Liability: Tax on ordinary income Tax on 25% Gain Tax on 0/15/20% Gain (taxed at 20%) Total tax liability 0