Required information The following information applies to

Last updated: 3/14/2024

Required information The following information applies to the questions displayed below 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 69 400 Meg works part time at the same university She earns 43 600 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 Capital Gains Tax Rates Note Round your final answers to the nearest whole dollar amount es a What is the Comers tax liability for 2023 if they report the following capital gains and losses for the year Short term capital gains Short term capital losses Long term capital gains Long term capital losses Total tax liability 9 300 2 300 15 200 6 600