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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: (

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.)
$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 $18,100(all ordinary) before
considering the tax effect of their asset sales, what is their gross tax liability for 2023
assuming they file a joint return?
Gross tax liability:
b. Given that Ron and Anne have taxable income of $403,800(all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2023 assuming they file a joint return?
Gross Liability:
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