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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

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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.) Holding Period > 1 year Capital Asset L stock Market Value $ 52,000 Tax Basis $ 42,000 M stock N stock 0 stock 30,000 40,000 > 1 year 32,000 23,000 < 1 year 28,000 34,000 < 1 year Antiques Rental home 9,000 5,000 > 1 year 302,000- 91,000 > 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 $22,000 (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 3 Mama E R T Y U & Thank D F G H J K X C V B N M O P 2 2123 re

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