During the current year, Alan and Hannah sold the following assets: Asset Gain/(Loss) Holding period A stock $34,300 More than 1 year R stock $(6,500) Less than 1 year P stock $2,000 Less than 1 year Antiques $3,200 More than 1 year Rental home* $150,000 More than 1 year *$65,000 of the gain is a 25% gain (from accumulated depreciation on the property). The remaining gain is 0/15/20% gain.

Given that Alan and Hannah have taxable income of $396,000 (all ordinary) before considering the tax effect of their asset sales, what is their tax liability for 2020 assuming they file a joint return?