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 $ $ year
M stock year
N stock year
O stock year
Antiques year
Rental home year
$ of the gain is percent gain from accumulated depreciation on the property
Ignore the Net Investment Income Tax.
b Given that Ron and Anne have taxable income of $all ordinary before considering the tax effect of their asset sales, what is their gross tax liability for assuming they file a joint return?
