Given that Ron and Anne have taxable income of only $24,400 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2022? (joint return)

What if their taxable income was $404,000. What would their gross tax liability be if filing jointly?

Required informetion [The following unformation applies to the questions displayed below] During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and tax rofe schedules.) - $30.000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Net investment Income Tax