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Required information The following information applies to the questions displayed below.) Matt and Meg Comer are married and file a joint tax return. They do

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Required information The following information applies to the questions displayed below.) Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt works as a history professor at a local university and earns a salary of $64.000. Meg works part-time at the same university. She earns $33,000 a year. The couple does not itemize deductions. Other than salary, the Comers' only other source of income is from the disposition of various capital assets (mostly stocks) (Use the tax rate schedules. Dividends and Capital Gains Tax Rates.) (Round your final answers to the nearest whole dollar amount.) a. What is the Comers' tax liability for 2019 if they report the following capital gains and losses for the year? Short-term capital gains Short-term capital losses Long-term capital gains Long-term capital losses $ 9,000 (2,000) 15,000 (6,000) Answer is complete but not entirely correct. Total tax liability S 9 ,189 dividuals hedule X-Single The tax is: f taxable income is over: But not over: $ 0 $ 9,700 10% of taxable income $ 9,700 $ 39,475 $970 plus 12% of the excess over $9,700 $ 39,475 $ 84,200 $4,543 plus 22% of the excess over $39,475 $ 84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 $204,100 $510,300 $46,628.50 plus 35% of the excess over $204,100 $510,300 $153,798.50 plus 37% of the excess over $510,300 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,400 10% of taxable income $ 19,400 $ 78,950 $1,940 plus 12% of the excess over $19,400 $ 78,950 $168,400 $9,086 plus 22% of the excess over $78,950 $168.400 $321,450 $28,765 plus 24% of the excess over $168,400 $321.450 $408,200 $65,497 plus 32% of the excess over $321,450 $408,200 S612,350 $93,257 plus 35% of the excess over $408,200 $612,350 - $164,709 50 plus 37% of the excess over $612,350 Schedule Z-Head of Household la If taxable income is over: But not over: The tax is: S 0 S 13,850 10% of taxable income S 13.850 S 52,850 $1,385 plus 12% of the excess over $13,850 $ 52,850 S 84.200 $6,065 plus 22% of the excess over S52.850 S 84.200 $160,700 $12.962 plus 24% of the excess over $84.200 SO10 lis 20 th cen STO $321,450 $408,200 $612,350 $408,200 $612,350 $65,497 plus 32% of the excess over $321,45 $93,257 plus 35% of the excess over $408,201 $164,709.50 plus 37% of the excess over $612 medule Z-Head of Household taxable income is over: But not over: The tax is: $ 0 $ 13,850 10% of taxable income $ 13,850 $ 52,850 $1,385 plus 12% of the excess over $13,850 $ 52,850 $ 84,200 $6,065 plus 22% of the excess over $52,850 $ 84,200 $160,700 $12,962 plus 24% of the excess over $84,200 $160,700 $204,100 $31,322 plus 32% of the excess over $160,700 $204,100 $510,300 $45,210 plus 35% of the excess over $204,100 $510,300 $152,380 plus 37% of the excess over $510,300 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $ 9,700 $ 9,700 $ 39,475 $ 39,475 $ 84,200 $ 84,200 $160,725 $160,725 $204,100 $204,100 $306,175 $306,175 The tax is: 10% of taxable income $970 plus 12% of the excess over $9,700 $4,543 plus 22% of the excess over $39,475 $14,382.50 plus 24% of the excess over $84.200 $32,748.50 plus 32% of the excess over $160,725 $46,628.50 plus 35% of the excess over $204.100 $82,354.75 plus 37% of the excess over $306,175

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