During the current year Ron and Anne sold the following assets: *use the dividend and capital gain tax rate and tax rate schedule Capital asset Market Value Tax Basic Holding period

L Stock $54,800 $ 43,400 > 1 year

M Stock $32,800 $ 41,400 > 1 year

N Stock $34,800 $ 24,400 < year

O Stock $30,800 $ 35,400 < year

Antiques $11,800 $ 6,400 > 1 year

Rental Home $304,800 $ 92,400 > 1 year

* $30,000 of the gain is 25% gain (from accumulated depreciation on the property) ignore the Net investment income tax.

a) Given that Ron and Anne have taxable income of only $24,800 (all ordinary) before considering the tax effect of their ass sales, What is their gross tax liability for 2018, assuming the file a joint return. Gross Tax Liability______________

b) Given that Ron and Anne have taxable income of only $404,800 (all ordinary) before considering the tax effect of their ass sales, What is their gross tax liability for 2018, assuming the file a joint return. Gross Tax Liability______________