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In: AccountingMatt and Meg Comer are married and file a joint tax return. Theydo not have...Matt and Meg Comer are married and file a joint tax return. Theydo not have any children. Matt works as a history professor at alocal university and earns a salary of $66,450. Meg works part-timeat the same university. She earns $31,950 a year. The couple doesnot itemize deductions. Other than salary, the Comers’ only othersource of income is from the disposition of various capital assets(mostly stocks). (Use the tax rate schedules ,Dividends and CapitalGains Tax Rates.) (Round final answers to the nearest wholedollar amount.)a. What is the Comers’ tax liability for 2018if they report the following capital gains and losses for theyear?Short-term capital gains$9,190Short-term capital losses(2,190)Long-term capital gains15,370Long-term capital losses(6,370)b. What is the Comers’ tax liability for 2018if they report the following capital gains and losses for theyear?Short-term capital gains$1,500Short-term capital losses0Long-term capital gains13,380Long-term capital losses(10,190)