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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

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 $67,700. Meg works part time at the same university. She earns $35,200 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 2020 if they report the following capital gains and losses for the year? Short-term capital gains $ 11,200 Short-term capital losses (4,200 ) Long-term capital gains 17,200 Long-term capital losses (8,200 )

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