In 2017, Tom and Amanda Jackson (married filing jointly) have $200,000 of taxable income before considering the following events: (Use the tax rate schedules.) On May 12, 2017, they sold a painting (art) for $110,000 that was inherited from Grandma on July 23, 2015. The fair market value on the date of Grandma’s death was $90,000 and Grandma’s adjusted basis of the painting was $25,000. Applied a long-term capital loss carryover from 2016 of $10,000. Recognized a $12,000 loss on 11/1/2017 sale of bonds (acquired on 5/12/2007). Recognized a $4,000 gain on 12/12/2017 sale of IBM stock (acquired on 2/5/2017). Recognized a $17,000 gain on the 10/17/2017 sale of rental property (the only §1231 transaction) of which $8,000 is reportable as gain subject to the 25 percent maximum rate and the remaining $9,000 is subject to the 0/15/20 percent maximum rates (the property was acquired on 8/2/2011). Recognized a $12,000 loss on 12/20/2017 sale of bonds (acquired on 1/18/2017). Recognized a $7,000 gain on 6/27/2017 sale of BH stock (acquired on 7/30/2008). Recognized an $11,000 loss on 6/13/2017 sale of QuikCo stock (acquired on 3/20/2010). Received $500 of qualified dividends on 7/15/2017. Calculate the Jacksons’ 2017 tax liability. (Do not round intermediate calculations.)

A) total tax liability

This problem has been solved! see the answercompute and interpret altman's z-scoresfollowing is selected financial information for ebay, for its fiscal years 2005 and 2006.(in millions, except per share data) 2006 2005current assets $ 4,970.59 $ 3,183.24current liabilities 2,518.39 1,484.93total assets 13,494.01 11,788.99total liabilities 2,589.38 1,741.00shares outstanding 1,368.51 1,404.18retained earnings 4,538.35 2,819.64stock price per share 30.07 43.22sales 5,969.74 4,552.40earnings before interest and taxes 1,439.77 1,445.18compute and interpret altman z-scores for the company for both years. (do not round until your final answer; then round your answers to two decimal places.)2006 z-score = answer2005 z-score = answerwhich of the following best describes the company's likelihood to go bankrupt given the z-score in 2006 compared to 2007.the z-score in 2006 is half of the 2005 score. both z-scores are well above the score that represents a healthy company.the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly increased the risk of bankruptcy.the z-score in 2006 is half of the 2005 score. the z-score has decreased sharply, which suggests the company is in financial distress.the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly lowered the risk of bankruptcy.