In 2020, Tom and Amanda Jackson (married filing jointly) have $236,000 of taxable income before considering the following events: (Use the dividends and capital gains tax rates and tax rate schedules.)

a.) On May 12, 2020, they sold a painting (art) for $114,500 that was inherited from Grandma on July 23, 2018. The fair market value on the date of Grandmas death was $92,250 and Grandmas adjusted basis of the painting was $25,900.

b.) They applied a long-term capital loss carryover from 2019 of $10,450.

c.) They recognized a $12,225 loss on the 11/1/2020 sale of bonds (acquired on 5/12/2010).

d.) They recognized a $4,270 gain on the 12/12/2020 sale of IBM stock (acquired on 2/5/2020).

e.) They recognized a $18,080 gain on the 10/17/2020 sale of rental property (the only 1231 transaction), of which $8,720 is reportable as gain subject to the 25 percent maximum rate and the remaining $9,360 is subject to the 0/15/20 percent maximum rates (the property was acquired on 8/2/2014).

f.) They recognized a $12,450 loss on the 12/20/2020 sale of bonds (acquired on 1/18/2020).

g.) They recognized a $7,225 gain on the 6/27/2020 sale of BH stock (acquired on 7/30/2011).

h.) They recognized an $11,450 loss on the 6/13/2020 sale of QuikCo stock (acquired on 3/20/2013).

i.) They received $680 of qualified dividends on 7/15/2020.

After completing the required capital gains netting procedures, what will be the Jacksons 2020 tax liability? (Do not round intermediate calculations.)