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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 L stock M stock N stock o stock Antiquers Rental home 302,200*91,100 1 year $ 52,200 30,200 32,200 28,200 9,200 $42,100 40,100 23,100 34,100 5,100 > 1 year > 1 year 1 year $30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). gnore the Net Investment Income Tax. a. Given that Ron and Anne have taxable income of only $22,200 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2018 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.)

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