Tax Rates for Net Capital Gains and Qualified Dividends Taxable Income Rate* Married Filing Jointly Married Filing Separately Single Head of Household Trusts and Estates 0% $0 - $83,350 $0 - $41,675 $0 - $41,675 $0 - $55,800 $0 - $2,800 15% $83,351 - $517,200 $41,676 - $258,600 $41,676 - $459,750 $55,801 - $488,500 $2,801 - $13,700 20% $517,201+ $258,601+ $459,751+ $488,501+ $13,701+ *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends are included in taxable income last for this purpose).2022 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 10,275 10% of taxable income $ 10,275 $ 41,775 $1,027.50 plus 12% of the excess over $10,275 $ 41,775 $ 89,075 $4,807.50 plus 22% of the excess over $41,775 $ 89,075 $ 170,050 $15,213.50 plus 24% of the excess over $89,075 $ 170,050 $ 215,950 $34,647.50 plus 32% of the excess over $170,050 $ 215,950 $ 539,900 $49,335.50 plus 35% of the excess over $215,950 $ 539,900 $162,718 plus 37% of the excess over $539,900 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 20,550 10% of taxable income $ 20,550 $ 83,550 $2,055 plus 12% of the excess over $20,550 $ 83,550 $ 178,150 $9,615 plus 22% of the excess over $83,550 $ 178,150 $ 340,100 $30,427 plus 24% of the excess over $178,150 $ 340,100 $ 431,900 $69,295 plus 32% of the excess over $340,100 $ 431,900 $ 647,850 $98,671 plus 35% of the excess over $431,900 $ 647,850 $174,253.50 plus 37% of the excess over $647,850Schedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 0 $ 14,650 10% of taxable income $ 14,650 $ 55,900 $1,465 plus 12% of the excess over $14,650 $ 55,900 $ 89,050 $6,415 plus 22% of the excess over $55,900 $ 89,050 $ 170,050 $13,708 plus 24% of the excess over $89,050 $ 170,050 $ 215,950 $33,148 plus 32% of the excess over $170,050 $ 215,950 $ 539,900 $47,836 plus 35% of the excess over $215,950 $ 539,900 $161,218.50 plus 37% of the excess over $539,900 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: The tax is: EA 0 $ 10,275 10% of taxable income $ 10,275 $ 41,775 $1,027.50 plus 12% of the excess over $10,275 $ 41,775 $ 89,075 $4,807.50 plus 22% of the excess over $41,775 $ 89,075 $ 170,050 $15,213.50 plus 24% of the excess over $89,075 $ 170,050 $ 215,950 $34,647.50 plus 32% of the excess over $170,050 $ 215,950 $ 323,925 $49,335.50 plus 35% of the excess over $215,950 $ 323,925 $87,126.75 plus 37% of the excess over $323,925Required information [The following information applies to the questions displayed below] During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and tax rate schedules.) Capital Asset Market Value Tax Basis Holding Period L stock $ 50,000 S 41,000 > 1 year M stock 28,000 39,000 > 1 year N stock 30,000 22,000 1 year Rental home 300,000* 90,000 > 1 year *$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Net Investment Income Tax. 3. Given that Ron and Anne have taxable income of only $20,000 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2022 assuming they file ajoint return? Gross lax liability