2. During the current year, Tom, a single taxpayer, sold the following assets: Asset Gain/(Loss) Holding period ABC stock $65,000 More than 1 year XYZ stock $3,000 Less than 1 year Stamp collection $12,000) More than 1 year RST stock $1,000 Less than 1 year Rental home* $90,000 More than 1 year *$30,000 of the gain is a 25% gain (from accumulated depreciation on the property). The remaining gain is 0/15/20% gain. Given that Tom has taxable income of $350,000 (all ordinary) before considering the tax effect of his asset sales, what is his gross tax liability for 2020