Fati, who is single and has taotle income of $330.000, els the towing capitales in 2020 win gars and lomos as shown mild the conto the capitales sold in 2020) (Click the icon to view the 2020 taxe schedule for the Single Sings) Click the icon to view the Preferential Robes for Adjusted est Capita Gain (ANC) and Qualified Dividonds) Read the recurrents Requirementa. Determine Falls internate in vicome tax ability as a result of the three sales Alants are took held for investment forore the effect of ricing Act on deductions and phone at wourta Increase in tax liability Requirement belum tercencome tax only the holding period tre months Increase in tax bility Requiremente. Determine her increase in income tax liability if the holding periods are the same as in Part a but asset B is an antique clock Increase in tax liability Requirement d. Dobermine their increase in income tax liability it her taxable income is $450,000 Increase in tax liability . Requirement c. Determine her increase in income tax liability if the holding periods are the same as in Part a b Increase in tax liability Requirement d. Determine her increase in income tax liability if her taxable income is $450,000. Increase in tax liability Data table - X come tax by the ho Asset A B Gain or (Loss) Holding Period 17.000 15 months 9,500 20 months (6.000) 14 months come tax liability thertad Print Done Single If taxable income is: The tax is: Not over $9,875 10% of taxable income. Over $9,875 but not over $40,125 $987.50 + 12% of the excess over $9,875. Over $40,125 but not over $85,525 .... $4,617.50 + 22% of the excess over $40,125. Over $85,525 but not over $163,300..... $14,605,50 + 24% of the excess over $85,525. Over $163,300 but not over $207,350 .... $33,271.50 + 32% of the excess over $163,300 Over $207,350 but not over $518,400 .... $47.367.50 + 35% of the excess over $207,350. Over $518,400 . $156,235.00 + 37% of the excess over $518,400. ... er ind her ind Capital Gains and Dividends Capital gains and losses are assigned to baskets. Five possible tax rates will apply to most capital gains and losses: Ordinary income tax rates (up to 37% in 2020) for gains on assets held one year or less 28% rate on collectibles gains and includible Sec. 1202 gains Preferential tax rates for gains on assets held for more than one year and qualified dividends based on the taxpayer's taxable income and filing status as shown in the following table: Preferential Rate Single Filing Jointly Head of Household 0% Up to $40,000 Up to $80,000 Up to $53,600 15% > $40,000 but not over $441,450 > $80,000 but not over $496,600 > $53,600 but not over $469,050 20% Over $441,450 Over $496,600 Over $469,050 The corresponding amounts if married filing separately are half of the amounts for filing jointly. The preferential rate is Capital gains and losses are assigned to baskets. Five possible tax rates will apply to most capital gains and 103505! Ordinary income tax rates (up to 37% in 2020) for gains on assets held one year or less 28% rate on collectibles gains and includible Sec, 1202 gains Preferential tax rates for gains on assets held for more than one year and qualified dividends based on the taxpayer's taxable income and filing status as shown in the following table: Preferential Rate Single Filing Jointly Head of Household 0% Up to $40,000 Up to $80,000 Up to $53,600 15% > $40,000 but not over $441,450 > $80,000 but not over $496,600 > $53,600 but not over $469,050 20% Over $441,450 Over $496,600 Over $469,050 The corresponding amounts of married filing separately are half of the amounts for filing jointly. The preferential rate is zero for taxable income up to $40,000 if married filing separately