Henrich is a single taxpayer. In 2020, his taxable income is $454,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios?

Individuals

Schedule X-Single

If taxable income is over:	But not over:	The tax is:
$ 0	$ 9,875	10% of taxable income
$ 9,875	$ 40,125	$987.50 plus 12% of the excess over $9,875
$ 40,125	$ 85,525	$4,617.50 plus 22% of the excess over $40,125
$ 85,525	$163,300	$14,605.50 plus 24% of the excess over $85,525
$163,300	$207,350	$33,271.50 plus 32% of the excess over $163,300
$207,350	$518,400	$47,367.50 plus 35% of the excess over $207,350
$518,400		$156,235 plus 37% of the excess over $518,400

Rates for Net Capital Gains and Qualified Dividends

Rate*	Taxable Income
	Married Filing Jointly	Married Filing Separately	Single	Head of Household	Trusts and Estates
0%	$0 - $80,000	$0 - $40,000	$0 - $40,000	$0 - $53,600	$0 - $2,650
15%	$80,001 - $496,600	$40,001 - $248,300	$40,001 - $441,450	$53,601 - $469,050	$2,651 - $13,150
20%	$496,601+	$248,301+	$441,451+	$469,051+	$13,151+

a. All of his income is salary from his employer.

Income Tax:

Net Investment income tax:

Total tax liability:

^^For a-d

b. His $454,000 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates.

c. His $454,000 of taxable income includes $47,000 of long-term capital gain that is taxed at preferential rates. (Round your answers to 2 decimal places.)

d. Henrich has $197,000 of taxable income, which includes $50,800 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $210,000. (Round your answers to 2 decimal places.)