Henrich is a single taxpayer. In 2018, his taxable income is $456,500. 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.)

Problem 8-51 Part-c

c. His $456,500 of taxable income includes $52,000 of long-term capital gain that is taxed at preferential rates.

Income tax Net investment income tax Total tax liability 0.00 2018 Tax Rate Schedules Schedule X Single Schedule Z Head of Household If taxable income is over: But not over: The tax is If taxable income is over: The tax s 9.525 38,700 82,500 157.500 10%ofunable acone 9952.50 ph" 12% of the mess over $9,525 $4453.50 plus 22% of the excess over S38.700 $14,069.50 plus 24% of the eme4s over S82500 $32,009.50 plus 32% of the excess over $157,500 $45.6 9.50 plus 35%ofthe excess ovet $200,000 $150,669.50 plus 37% of the cess over $500,000 But net over: S 13,600 51,800 $ 82,500 $157,500 $200,000 $500,000 10% oftatable income $1,360 plus 12% of the mess over $13,600 55.944 plus 22%ofthe excess over $51.000 $12,698 plus 24% of the eoeets over $82,500 $30,098 plus 32% of the ence" oer $157,500 $44298 plus 35% of the eace over $200,000 $149.296 plus 37% of the 0ess over $500,000 $ 9.525 38,700 582.500 $157500 13,600 51,800 $ 82,500 $157,500 $200,000 $500,000 Schedule Y-1-Married Filing Jointly or Qualilying Widow(er) Schedule Y-2-Married Filing Separately If taxable income is over: The tax is But not over: 19,050 $ 77,400 $165.000 $315,000 If taxable income is over: But not over: $ 9.525 S 38,700 82,500 $157,500 $200,000 The tax is: 19,050 77.400 $165,000 $315,000 10%oftmable ncome $1905 plus 12% of the excess over $19,050 $8.907 plus 22% ofthe excess over$77,400 $28,179 plus 24% of the mass over $165,000 64,179 plus 32% of the excess over $315,000 $91.379 plus 35% of the e cess over S400.000 $161,579 plus 37% of tha greets over S600.000 $ 9,525 38,700 $ 82,500 $157,500 10% ofta tabla income $952.50 plus 12% of the encess over $9,525 $4.453 .50 pbas 22% of the excess over S38.700 $14,009.50 plus 24% of the amce" over $82,500 $32,009.50 plus 32% of the excess over $157,500 $45.609.50 plus 35% of the excess over $200,000 $80,609.50 plus 7% of the mess over $300,000 $600,000 300,000 Tax Rates for Net Capital Gains and Qualified Dividends Rate Taxable Income Head of Married Filing Jointly SO - $77,200 Married Filing Separately Single Trusts and Household Estates 0% 15% | $77.201 _ $479.000 | $38.601-$239.500 | $38.601 _ $425.800 | $51.701-$452.400 | $2.601 -SI 2.700 20% SO - $38.600 SO - $38.600 SO - $51.700 SO - $2.600 $479,000+ $239.500+ $425.801+ $452.401-+ $12,701+ This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends are included in taxable income last for this purpose)