Vai 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 andtax rate schedules.)Capital AssetL. stockH stockN stock0 stockAntiquesRental homeMarket Value$ 50,20028,20030,20026,2007,200300,200Tax Basis$41,10039,10022,10033,1004,10090,100Gross tax liabilityHolding Period> 1 year> 1 year< 1year< 1year> 1 year> 1 year*$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property).Ignore the Net Investment Income Tax.b. Given that Ron and Anne have taxable income of $400,200 (all ordinary) before considering the tax effect of their asset sales, whatis their gross tax liability for 2022 assuming they file a joint return?

In 2022, If capital gains are under $41,675, then no tax needs to be paid. On collectibles such as…

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 L. stock H stock N stock o stock Antiques Rental home Market Value $50,200 28,200 30, 200 26,200 7,200 300,200 Tax Basis $41,100 39,100 22,100 33,100 4,100 90,100 Holding Period > 1 year > 1 year < 1 year < 1 year > 1 year > 1 year *$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). lanore the Net Investment Income Tax.