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

Capital Asset	Market Value		Tax Basis		Holding Period
L stock	$	53,600	$	42,800	> 1 year
M stock		31,600		40,800	> 1 year
N stock		33,600		23,800	< 1 year
O stock		29,600		34,800	< 1 year
Antiques		10,600		5,800	> 1 year
Rental home		303,600*		91,800	> 1 year

*$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Net Investment Income Tax.

rev: 09_28_2019_QC_CS-183505, 10_14_2019_QC_CS-185917

b. Given that Ron and Anne have taxable income of $403,000 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2019 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.)