4 problems needed!! all attached in order.
[The following information applies to the questions displayed below.) Henrich is a single taxpayer. In 2019, his taxable income is $460,000. 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.) a. All of his income is salary from his employer. 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 $970 plus 12% of the excess $ 39,475 over $9,700 $ 39,475 $ 84,200 $160,725 $ 84,200 $4,543 plus 22% of the excess over $39,475 $14,382.50 plus 24% of the $160,725 excess over $84,200 $32,748.50 plus 32% of the $204,100 excess over $160,725 $46,628.50 plus 35% of the $510,300 excess over $204,100 $153,798.50 plus 37% of the excess over $510,300 $204,100 $510,300 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) But not If taxable income is over: The tax is: over: $ 0 $ 19,400 10% of taxable income $1,940 plus 12% of the excess $ 19,400 $ 78,950 over $19,400 $ 78,950 $9,086 plus 22% of the excess $168,400 over $78,950 $28,765 plus 24% of the excess $168,400 $321,450 over $168,400 $65,497 plus 32% of the excess $321,450 $408,200 over $321,450 $93,257 plus 35% of the excess $408,200 $612,350 over $408,200 $164,709.50 plus 37% of the $612,350 excess over $612,350 Schedule Z-Head of Household But not If taxable income is over: The tax is: over: $ 0 $ 13,850 10% of taxable income $ 13,850 $ 52,850 $ 84,200 $1,385 plus 12% of the excess $ 52,850 over $13,850 $ 84,200 $6,065 plus 22% of the excess over $52,850 $12,962 plus 24% of the $160,700 excess over $84,200 $31,322 plus 32% of the $204,100 excess over $160,700 $45,210 plus 35% of the $510,300 excess over $204,100 $152,380 plus 37% of the excess over $510,300 $160,700 $204,100 $510,300 Schedule Z-Head of Household But not If taxable income is over: The tax is: over: $ 0 $ 13,850 10% of taxable income $ 13,850 $ 52,850 $ 84,200 $1,385 plus 12% of the excess $ 52,850 over $13,850 $ 84,200 $6,065 plus 22% of the excess over $52,850 $12,962 plus 24% of the $160,700 excess over $84,200 $31,322 plus 32% of the $204,100 excess over $160,700 $45,210 plus 35% of the $510,300 excess over $204,100 $152,380 plus 37% of the excess over $510,300 $160,700 $204,100 $510,300 Schedule Y-2-Married Filing Separately But not If taxable income is over: The tax is: over: $ 0 $ 9,700 10% of taxable income $970 plus 12% of the excess $ 39,475 over $9,700 $ 9,700 $ 39,475 $ 84,200 $160,725 $ 84,200 $4,543 plus 22% of the excess over $39,475 $14,382.50 plus 24% of the $160,725 excess over $84,200 $32,748.50 plus 32% of the $204,100 excess over $160,725 $46,628.50 plus 35% of the $306,175 excess over $204,100 $82,354.75 plus 37% of the excess over $306,175 $204,100 $306,175 Tax Rates for Net Capital Gains and Qualified Dividends Rate 09 15% 20% Married Filing Jointly 50 - $78,750 $78,751 - $188,850 $188,851+ Married Filing Separately 30 - $39,375 $39,376 - $244.425 $244.426+ Taxable Income Single $0-$39,375 $39.376 - $434,550 $434,551+ Head of Household $0-$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 But not over: $ 2,600 $ 9,300 $12,750 $ 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 Henrich is a single taxpayer. In 2019, his taxable income is $460,000. 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.) b. His $460,000 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates. Income tax Net investment income tax Total tax liability $ Henrich is a single taxpayer. In 2019, his taxable income is $460,000. 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 $460,000 of taxable income includes $59,000 of long-term capital gain that is taxed at preferential rates. Income tax Net investment income tax Total tax liability Henrich is a single taxpayer. In 2019, his taxable income is $460,000. 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 $200,000 of taxable income, which includes $52,000 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