Required information [The following information applies to the questions displayed below.] During the current year, Ron and Anne sold the following assets: (Use thetax rate schedules) Capital Asset Market Value Tax Basis Holding Period L stock M stock N stock O stock Antiques Rental home $41,000 39,000 22,000 33,000 4,000 90,000 1 year > 1 year 1 year > 1 year $ 50,000 28,000 30,000 26,000 7,000 300,000* $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 $20,000 (all ordinary) before considering the tax effect of thein asset sales, what is their gross tax liability for 2017 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.) Gross tax liability Required information [The following information applies to the questions displayed below.] During the current year, Ron and Anne sold the following assets: (Use thetax rate schedules) Capital Asset Market Value Tax Basis Holding Period L stock M stock N stock O stock Antiques Rental home $41,000 39,000 22,000 33,000 4,000 90,000 1 year > 1 year 1 year > 1 year $ 50,000 28,000 30,000 26,000 7,000 300,000* $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 $20,000 (all ordinary) before considering the tax effect of thein asset sales, what is their gross tax liability for 2017 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.) Gross tax liability