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

$[$The following information applies to the questions 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 $$68,700.$ Meg works part time at the same university. She earns

$$51,300$ 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 Capital Gains Tax Rates.$)$

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

Problem $7-45$ Part$-$a $($Algo$)$

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

Total tax liability $,$$$105,700$