$27,797 is not the answer

Problem 7-48 (LO 7-2) (Static) [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 and tax rate schedules.) ' $30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Net Investment Income Tax. Problem 7-48 Part-a (Static) 1. Given that Ron and Anne have taxable income of only $20,000 (all ordinary) before considering the tax effect of their asset sales, What is their gross tax liability for 2022 assuming they fle a joint return