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Henrich is a single taxpayer. In 2020, his taxable income is $451,500. What is his income tax and net investment income tax liability in each
Henrich is a single taxpayer. In 2020, his taxable income is $451,500. What is his income tax and net investment income tax liability in each of the following alternative scenarios?
a. All of his income is salary from his employer.
c. His $451,500 of taxable income includes $42,000 of long-term capital gain that is taxed at preferential rates.
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