Required Information

Problem $7-45($LO $7-2)($Algo$)$

$[$The following Information applies to the questlons displayed below.$]$

Matt and Meg Comer are married and 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 $$67,600.$ Meg works part time at the same unlversity. She earns

$$52,400$ a year. The couple does not Itemize deductions. Other than salary, the Comers' only other source of Income is

from the disposition of varlous capital assets $($mostly stocks$).($Use the tax rate schedules,

Dividends and Capital Gains Tax Rates.$)$

Note: Round your final answers to the nearest whole dollar amount.

b$.$ What is the Comers' tax Ilability for $2024$ if they report the following capital gains and losses for the year?

Total tax liability