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Henrich is a single taxpayer. In 2022, his taxable income is $489,000. What are his income tax and net investment income tax liability in each
Henrich is a single taxpayer. In 2022, his taxable income is $489,000. What are his income tax and net investment income tax liability in each of the following alternative scenarios?
Note: Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable. Round your final answers to 2 decimal places.
Required:
- All of his income is salary from his employer. Assume his modified AGI is $520,000.
- His $489,000 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $520,000.
- His $489,000 of taxable income includes $57,000 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $520,000.
- Henrich has $210,750 of taxable income, which includes $51,800 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $219,000.
For each once, what is the amount for the income tax, net investment income tax, and total tax liability.
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