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During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and $30,000 of the gain is
During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and $30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Net Investment Income Tax. Troblem 7-48 Part-a (Algo) - Given that Ron and Anne have taxable income of only $20,200 (all ordinary) before considering the tax effect of their asset sales, hat is their gross tax liability for 2022 assuming they file a joint return? b. Given that Ron and Anne have taxable income of $400,200 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2022 assuming they file a joint return
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