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Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt works as a history professor at a local university and earns a salary of $ Meg works part time at the same university. She earns $ a year. The couple does not itemize deductions. Other than salary, the Comers' only other source of income is from the disposition of various capital assets mostly stocksUse the tax rate schedules,
Dividends and Capital Gains Tax Rates.
Note: Round your final answers to the nearest whole dollar amount.
b What is the Comers' tax liability for if they report the following capital gains and losses for the year?
Total tax liability Tax Rate Schedules
Individuals
Schedule XSingle
Schedule YMarried Filing Jointly or Qualifying surviving spouse
Schedule ZHead of Household
Schedule YMarried Filing Separately Tax Rates for Net Capital Gains and Qualified Dividends
This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table net capital gains and qualified dividends are included in taxable income last for this purpose