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Be sure to use 2018 amounts please!! Henrich is a single taxpayer. In 2018, his taxable income is $454,500. What is his income tax and
Be sure to use 2018 amounts please!!
Henrich is a single taxpayer. In 2018, his taxable income is $454,500. 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 answer to 2 decimal places. Leave no answer blank. Enter zero if applicable.) Rate Round your answer to 2 decimalplece Etates and Insis for eteren b. His $454,500 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates. Answer is complete but not entirely correct Income tax Net investment income tax Total tax liability $134,064.50 400.00 $134,464.50Step by Step Solution
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