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Henrich is a single taxpayer.In 2019, his taxable income is $454,500. What is his income tax and net investment income tax liability in each of
Henrich is a single taxpayer.In 2019, his taxable income is $454,500. What is his income tax and net investment income tax liability in each of the following alternative scenarios?
His $454,500 of taxable income includes $48,000 of long-term capital gain that is taxed at preferential rates. Note: some of his preferentially taxed income will be in the 15% bracket and some in the 20% bracket.
What is the Income tax?
What is the Net investment income tax?
What is the Total tax liability?
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