Ron Barnes is a single individual who is working on filing his tax return for the previous year. He has assembled the following relevant information:

• He received $107,000 in salary.
• He received $19,500 of dividend income.
• He received $7,400 of interest income on Home Depot bonds.
• He received $21,500 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,500.
• He received $13,500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $5,700.
• Ron receives one exemption ($4,000), and he has allowable itemized deductions of $7,500. These amounts will be deducted from his gross income to determine her taxable income.

If your taxable income is: $90,750 - $189,750

You pay this amount on the base of the bracket : $18,481.25

Plus this percentage over the base (marginal rate): 28.0

What is Ron's federal tax liability?