Henrich is a single taxpayer. In 2019, his taxable income is $460,500. 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.

a. His $460,500 of taxable income includes $60,000 of long-term capital gain that is taxed at preferential rates.

b. Henrich has $200,250 of taxable income, which includes $52,100 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $210,000.

Tax Rates for Net Capital Gains and Qualified Dividends Taxable Income Rate* Head of Household 0% Married Filing Jointly $0 - $78,750 $78,751 - $488,850 $488,851+ Married Filing Separately $0-$39,375 $39,376 - $244,425 $244,426+ Single $0-$39,375 $39,376 - $434,550 $434,551+ Trusts and Estates $0 - $2,650 $2,651 - $12,950 $0 - $52,750 $52,751 - $461,700 $461,701+ 15% 20% $12.951+ *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). Estates and Trusts If taxable income is over: But not over: The tax is: $ 0 $ 2,600 $ 9,300 $ 2,600 $ 9,300 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 $12.750 $12,750 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 $510,300 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 $ 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 $510,300 Tax Rates for Net Capital Gains and Qualified Dividends Taxable Income Rate* Head of Household 0% Married Filing Jointly $0 - $78,750 $78,751 - $488,850 $488,851+ Married Filing Separately $0-$39,375 $39,376 - $244,425 $244,426+ Single $0-$39,375 $39,376 - $434,550 $434,551+ Trusts and Estates $0 - $2,650 $2,651 - $12,950 $0 - $52,750 $52,751 - $461,700 $461,701+ 15% 20% $12.951+ *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). Estates and Trusts If taxable income is over: But not over: The tax is: $ 0 $ 2,600 $ 9,300 $ 2,600 $ 9,300 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 $12.750 $12,750 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 $510,300 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 $ 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 $510,300