Question
Matt and Meg Comer are marriedand file a joint tax return. They do not have any children. Matt works as a history professor at a
Matt and Meg Comer are marriedand file a joint tax return. They do not have any children. Matt works as a history professor at a local university and earns a salary of $64,000. Meg works part-time at the same university. She earns $33,000 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).(Use the 2019 tax rate schedules,Dividends and Capital Gains Tax Rates.)(Round your final answers to the nearest whole dollar amount.)
Short-term capital gains$9,000
Short-term capital losses(2,000)
Long-term capital gains15,000
Long-term capital losses(6,000)
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