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Required information The following information applies to the questions displayed below! During the current year, Ron and Anne sold the following assets: (Use the sividends

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Required information The following information applies to the questions displayed below! During the current year, Ron and Anne sold the following assets: (Use the sividends and capital gains tax rates and tox rate schedules Capital Asset I stock M stock W stock O stock Antiques Rental hone Market value $ 50,000 28.000 10.NO 26,000 7,000 300,000 Taxtasis 5.41,000 39,000 22,000 33,000 4,000 90,00 Holding Period > 1 year > 1 year 1 year > 1 year "$30.000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Netrvestment Income Tax .. 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 2021 assuming they file a joint return? Required 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 Tae Basis Holding Period stock $ 50,000 5.41,000 > 1 year stock 30,000 39.000 > 1 year stock 30.000 >>,000 1 year *$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property) Ignore the Net Investment Income Tax 4,000 b. Given that Ron and Anne have taxable income of $400.000 (all ordinary before considering the tax effect of their asset sales, what is thelt gross tax liability for 2021 assuming they file a joint return

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