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Henrich is a single taxpayer. In 2019, his taxable income is $450,000. What is his income tax and net investment invome 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 invome tax liability in each of the following alternative scenarios? (Use 2019 Tax Rate Schedule).
a. All of his income is salary from his employer.
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 preferantial rates.
d. Henrich has $195,000 of taxable income, which includes $50,000 of long-term capitak gain that is taxes at preferential rates. Assume his mosified AGI is $210,000.
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