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During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and tax rate schedules.) -$30,000 of

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During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and tax rate schedules.) -\$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). lgnore the Net Investment income Tax. Problem 7.48 Part-b (Algo) 9. Glven that Ron and Anne have taxable income of $401,200 (all ordinary) before considering the tax effect of their asset sales, what 5 their gross tax liability for 2022 assuming they file a joint return? Tax Rates for Net Capital Gains and Qualified Dividends This mote opplies to the net capital gainu and qualified dividends that foll within the range of ravable income specified in the table inet capiral gains and quallfied d. for this purpose). 2022 Tax Rate Schedules Indivirlmals

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