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need an answer Matt and Meg Comer are married and ?le a joint tax return. They do not have any children. Matt works as a

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image text in transcribedimage text in transcribed Matt and Meg Comer are married and ?le a joint tax return. They do not have any children. Matt works as a historyprofessor at a local university and earns a salary of $64,000. Meg works part-time at the same university; She earns$33,000 a year. The couple does not itemize deductions; Other than salary. the Comers' only other source of income is from the disposition of various capital assets {mostly stocks}. {Use the tax rate schedules, Dividends and lCapital Gains Tax Rates.) {Round your final answers to the nearest whole dollar amount] a. What is the Comers' tax liability for 2019 if they report the following capital gains and losses for the year? Short-term capital gains 5 9,000 Short-term capital losses (2,000}Lang-term capital gains 15,000Long-term capital losses (6,000} ' 9 Answer Is complete but not entlrelv correct. i s 10.3939 2019 Tax Rate SchedulesIndividualsSchedule X-SingleIf taxable income is over: But not over:The tax is:0$ 9,70010% of taxable income$ 9,700$ 39,475$970 plus 12% of the excess over $9,700$ 39,475$ 84.200$4,543 plus 22% of the excess over $39,475$ 84,200$160,725$14,382.50 plus 24% of the excess over $84,200$160,725$204,100$32,748.50 plus 32% of the excess over $160,725$204,100$510,300$46,628.50 plus 35% of the excess over $204,100$510,300$153,798.50 plus 37% of the excess over $510,300Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)If taxable income is over: But not over:The tax is:$0$ 19,40010% of taxable income$ 19,400$ 78,950$1,940 plus 12% of the excess over $19,400$ 78,950$168,400$9,086 plus 22% of the excess over $78,950$168,400$321,450$28,765 plus 24% of the excess over $168,400$321,450$408,200$65,497 plus 32% of the excess over $321,450$408,200$612,350$93,257 plus 35% of the excess over $408,200$612,350$164,709.50 plus 37% of the excess over $612,350

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