Question
Henrich is a single taxpayer. In 2019, his taxable income is $450,000. What is his income tax and net investment income tax liability in each
Henrich is a single taxpayer. In 2019, his taxable income is $450,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios?
b.His $450,000 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates.
c.His $450,000 of taxable income includes $55,000 of long-term capital gain that is taxed at preferential rates.
d.Henrich has $195,000 of taxable income, which includes $50,000 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
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