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Matt and Meg Comer are married. They do not have any children. Matt works as a history professor at a local university and earns a

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Matt and Meg Comer are married. They do not have any children. Matt works as a history professor at a local university and earns a salary of $65,000. Meg works part-time at the same university. She earns $37,000 a year. The couple does not itemize deductions. Other than salary, the Comers' only other source of income is from the disposition of various capital assets (mostly stocks). What is the Comers' tax liability for 2019 if they report the following capital gains and losses for the year? Short-term capital gains $9,000 Short-term capital losses ($2,000) Long-term capital gains $15,000 Long-term capital losses ($6,000) QUESTION 8 Christopher sold 100 shares of Cisco stock for $4,500 in the current year. He purchased the shares several years ago for $2,200. Assuming his marginal ordinary income tax rate is 24 percent, and he has no other capital gains or losses, how much tax will he pay on this gain

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