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[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

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[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 tai Holding Period $ 54,000 $43,000 > 1 year 32.000 41,000 > 1 year 34.000 24,000 1 year Rental hone 304,000 92.000 stock stock stock Ostock 1 year $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 $24,000 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2020 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.) a. Given that Ron and Anne have taxable income of only $24,000 (all ordinary before considering the tax effect of their asset sales, what is their gross tax liability for 2020 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount)

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