In 2019, Tom and Amanda Jackson (married filing jointly) have $232,000 of taxable income before considering the following events: (Use the dividends and capital gains tax rates and tax rate schedules.)

1) On May 12, 2019, they sold a painting (art) for $114,000 that was inherited from Grandma on July 23, 2017.

2) The fair market value on the date of Grandmas death was $92,000 and Grandmas adjusted basis of the painting was $25,800. They applied a long-term capital loss carryover from 2019 of $10,400.

3) They recognized a $12,200 loss on the 11/1/2019 sale of bonds (acquired on 5/12/2009).

4) They recognized a $4,240 gain on the 12/12/2019 sale of IBM stock (acquired on 2/5/2019).

5) They recognized a $17,960 gain on the 10/17/2019 sale of rental property (the only 1231 transaction) of which $8,640 is reportable as gain subject to the 25 percent maximum rate and the remaining $9,320 is subject to the 0/15/20 percent maximum rates (the property was acquired on 8/2/2013).

6) They recognized a $12,400 loss on the 12/20/2019 sale of bonds (acquired on 1/18/2019).

7) They recognized a $7,200 gain on the 6/27/2019 sale of BH stock (acquired on 7/30/2010).

8) They recognized an $11,400 loss on the 6/13/2019 sale of QuikCo stock (acquired on 3/20/2012).

10) They received $660 of qualified dividends on 7/15/2019.

After completing the required capital gains netting procedures, what will be the Jacksons 2019 tax liability? (Do not round intermediate calculations.)