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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

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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) Capital Asset L stock M stock N stock Ostock Antiques Rental hone Market Value $ 53,000 31,000 33.000 29.000 10.099 303,00 Tax Basis $42, see 40,500 23.500 34,500 5,500 91,500 Holding Period > 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 $23,000 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2019 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.) Gross tax liability

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