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Steven and Carol, who file a joint tax return, have taxable income of $135,000 before the following sales of stock: Purchase Date Sale Date

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Steven and Carol, who file a joint tax return, have taxable income of $135,000 before the following sales of stock: Purchase Date Sale Date Cost Sales Proceeds 02/14/Year 10 07/14/Year 10 $2,120 $4.670 04/05/Year 10 12/31/Year 10 $5,810 $5,250 05/05/Year 8 03/09/Year 10 $3,020 $2,630 What is Steven and Carol's new taxable income and tax liability? (Round answers to O decimal places, eg. 125.) Taxable income $ Tax liability $

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