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Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2019, his taxable income is $451,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no answer blank. Enter zero if applicable.) d. Henrich has $195,500 of taxable income, which includes $50,200 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $210,000. Income tax Net investment income tax Total tax liability $ 0.00 ! Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2019, his taxable income is $451,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no answer blank. Enter zero if applicable.) c. His $451,000 of taxable income includes $41,000 of long-term capital gain that is taxed at preferential rates. Note: some of his preferentially taxed income will be in the 15% bracket and some in the 20% bracket. Income tax Net investment income tax Total tax liability $ 0.00 2019 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,700 10% 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 S510,300 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,400 10% 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 Schedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 0 $ 13,850 10% of taxable income $ 13,850 $ 52,850 $1,385 plus 12% of the excess over $13.850 $ 52,850 S 84.200 $6,065 plus 22% of the excess over $52,850 $ 84,200 $160,700 $12,962 plus 24% of the excess over $84.200 $160,700 $204,100 $31,322 plus 32% of the excess over $160,700 $204,100 $510,300 $45.210 plus 35% of the excess over $204,100 $510,300 $152,380 plus 37% of the excess over S510,300 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: The tax is: $ 0 $ 9,700 10% of taxable income $ 9,700 $ 39,475 $970 plus 12% of the excess over $9,700 $ 39,475 S 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 $306,175 $46.628.50 plus 35% of the excess over $204.100 $306,175 $82.354.75 plus 37% of the excess over $306,175 Tax Rates for Net Capital Gains and Qualified Dividends Rate 0% 15% 20% Married Filing Jointly SO - $78,750 $78,751 - $488,850 $488,851+ Married Filing Separately SO - $39,375 $39,376 - $244 425 $244.426+ Taxable Income Single 50 - $39,375 $39,376 - $434,550 $434551+ Head of Household SO - $52,750 $52.751 - $461,700 $461,701+ Trusts and Estates $0-$2,650 $2,651 - $12.950 $12.951+ Estates and Trusts If taxable income is over: $ 0 $ 2,600 $ 9,300 $12,750 But not over: $ 2,600 $ 9,300 $12,750 The tax is: 10% of taxable income $260 plus 24% of the excess over $2,600 $1,868 plus 35% of the excess over $9,300 $3,075.50 plus 37% of the excess over $12,750