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! Required information [The following information applies to the questions displayed below.] During the current year, Ron and Anne sold the following assets: (Use

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! Required information [The following information applies to the questions displayed below.] During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and tax rate schedules.) L stock M stock Capital Asset Market Value $ 50,600 Tax Basis $ 41,300 Holding Period > 1 year 28,600 39,300 > 1 year 30,600 22,300 < 1 year 26,600 33,300 < 1 year 4,300 > 1 year 90,300 > 1 year N stock 0 stock Antiques Rental home 7,600 300,600* *$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Net Investment Income Tax. a. Given that Ron and Anne have taxable income of only $20,600 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2022 assuming they file a joint return? Gross tax liability

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