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.) Holding Period Capital Asset L stock M stock N stock O stock Antiques Rental home Market Value $ 51,000 29,000 31,000 27,000 8,000 301,000+ Tax Basis $41,500 39,500 22,500 33,500 4,500 90,500 > 1 year > 1 year 1 year > 1 year *$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 $21,000 (all ordinary) before considering the tax effect of their asset sales. what is their gross tax liability for 2020 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.) Gross tax liability Next > 3 2 of 2 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.) Boc Capital Annet L stock Matock N stock O stock Antiques Rental home Market Value $ 51,000 29,000 31,000 27.000 8,000 301,000+ Tax Basis $41,500 39,500 22,500 33,500 4,500 90.500 Holding Period > 1 year > 1 year 1 year > 1 year PE onces $30,000 of the gain is 25 percent gain (from accumulated depreciation on the property) Ignore the Net Investment Income Tax. b. Given that Ron and Anne have taxable income of $401,000 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2020 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.) Gross ta inity $ 129.984 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.) Holding Period Capital Asset L stock M stock N stock O stock Antiques Rental home Market Value $ 51,000 29,000 31,000 27,000 8,000 301,000+ Tax Basis $41,500 39,500 22,500 33,500 4,500 90,500 > 1 year > 1 year 1 year > 1 year *$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 $21,000 (all ordinary) before considering the tax effect of their asset sales. what is their gross tax liability for 2020 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.) Gross tax liability Next > 3 2 of 2 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.) Boc Capital Annet L stock Matock N stock O stock Antiques Rental home Market Value $ 51,000 29,000 31,000 27.000 8,000 301,000+ Tax Basis $41,500 39,500 22,500 33,500 4,500 90.500 Holding Period > 1 year > 1 year 1 year > 1 year PE onces $30,000 of the gain is 25 percent gain (from accumulated depreciation on the property) Ignore the Net Investment Income Tax. b. Given that Ron and Anne have taxable income of $401,000 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2020 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.) Gross ta inity $ 129.984