Question: need an answer Matt and Meg Comer are married and ?le a joint tax return. They do not have any children. Matt works as a

need an answer

need an answer Matt and Meg Comer are married and ?le ajoint tax return. They do not have any children. Matt works as

Matt and Meg Comer are married and ?le a joint tax return. They do not have any children. Matt works as a historyprofessor at a local university and earns a salary of $64,000. Meg works part-time at the same university; She earns$33,000 a year. The couple does not itemize deductions; Other than salary. the Comers' only other source of income is from the disposition of various capital assets {mostly stocks}. {Use the tax rate schedules, Dividends and lCapital Gains Tax Rates.) {Round your final answers to the nearest whole dollar amount] a. What is the Comers' tax liability for 2019 if they report the following capital gains and losses for the year? Short-term capital gains 5 9,000 Short-term capital losses (2,000}Lang-term capital gains 15,000Long-term capital losses (6,000} ' 9 Answer Is complete but not entlrelv correct. i s 10.3939 2019 Tax Rate SchedulesIndividualsSchedule X-SingleIf taxable income is over: But not over:The tax is:0$ 9,70010% of taxable income$ 9,700$ 39,475$970 plus 12% of the excess over $9,700$ 39,475$ 84.200$4,543 plus 22% of the excess over $39,475$ 84,200$160,725$14,382.50 plus 24% of the excess over $84,200$160,725$204,100$32,748.50 plus 32% of the excess over $160,725$204,100$510,300$46,628.50 plus 35% of the excess over $204,100$510,300$153,798.50 plus 37% of the excess over $510,300Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)If taxable income is over: But not over:The tax is:$0$ 19,40010% of taxable income$ 19,400$ 78,950$1,940 plus 12% of the excess over $19,400$ 78,950$168,400$9,086 plus 22% of the excess over $78,950$168,400$321,450$28,765 plus 24% of the excess over $168,400$321,450$408,200$65,497 plus 32% of the excess over $321,450$408,200$612,350$93,257 plus 35% of the excess over $408,200$612,350$164,709.50 plus 37% of the excess over $612,350

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