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' Henrich is a single taxpayer. In 2022 , his taxable income is $484,000. What are his income tax and net investment income tax liability
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Henrich is a single taxpayer. In 2022 , his taxable income is $484,000. What are 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 for reference. Note: Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable. Round your final answers to 2 decimal places. Required: a. All of his income is salary from his employer. Assume his modified AGl is $520,000. b. His $484,000 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $520,000. c. His $484,000 of taxable income includes $47,000 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $520,000. 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 $214,000. Complete this question by entering your answers in the tabs below. All of his income is salary from his employer. Assume his modified AGI is $520,000. 2022 Tax Rate Schedules Individuals Tax Rates for Net Capital Gains and Qualified DividendsStep by Step Solution
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