In 2000, Ms. Ennis, a head of household, contributed $50,000 in exchange for 500 shares of Seta stock. Seta is a qualified small business. This year, Ms. Ennis sold all 500 shares for $117,400. Her only other investment income was an $8,600 long-term capital gain from the sale of land. Her taxable income before consideration of her two capital transactions is $590,000. Assume the taxable year is 2016. Use Individual tax rate schedules. (Do not round your intermediate calculations. Round your final answers to nearest whole dollar amount.)

a. Compute Ms. Enis's taxable income, income tax and Medicare contribution tax for the year.

Only need help me to calculate Income tax.Note:answer 184940 and 201691 are both wrong.

Taxable income $632,300

Income tax

Medicare contribution tax$1,607

b. How would the computation change if Ms. Ennis acquired the Seta stock in 2014 instead of 2000?

(only need to help me to calculate the income tax. Note: answer 215036 and 184940 are both wrong)

Taxable income	$666,000
Income tax
Medicare contribution tax	$2,888

INDIVIDUAL TAX RATE SCHEDULES Married Filing Jointly and Surviving Spouse The tax is: If taxable income is: Not over $18,550 10% of taxable income Over $18,550 but not over $75,300 $1,855.00 15% of excess over $18,550 Over $75,300 but not over $151,900 $10,367.50 25% of excess over $75,300 Over $151,900 but not over $231,450 $29,517.50 28% of excess over $151,900 Over $231,450 but not over $413,350 $51,791.50 33% of excess over $231,450 Over $413,350 but not over $466,950 $111,818.50 35% of excess over $413,350 $130,578.50 39.6% of excess over $466,950 Over $466,950 Married Filing Separately If taxable income is: The tax is: 10% of taxable income Not over $9,275 $927.50 15% of excess over $9,275 Over $9,275 but not over $37,650 Over $37,650 but not over $75,950 $5,183.75 25% of excess over $37,650 Over $75,950 but not over $115,725 $14,758.75 28% of excess over $75,950 Over $115,725 but not over $206,675 $25,895.75 33% of excess over $115,725 Over $206,675 but not over $233,475 $55,909.25 35% of excess over $206,675 $65,289.25 39.6% of excess over $233,475 Over $233,475 Heads of Household If taxable income is: The tax is: 10% of taxable income Not over $13,250 1,325.00 15% of excess over $13,250 Over $13,250 but not over $50,400 $6,897.50 25% of excess over $50,400 Over $50,400 but not over $130,150 $26,835.00 28% of excess over $130,150 Over $130, 150 but not over $210,800 $49,4 17.00 33% of excess over $210,800 Over $210,800 but not over $413,350 Over $413,350 but not over $441,000 $116,258.50 35% of excess over $413,350 Over $441,000 $125,936.00 39.6% of excess over $441,000 Single If taxable income is: The tax is: Not over $9,275 10% of taxable income Over $9,275 but not over $37,650 $927.50 15% of excess over $9,275 Over $37,650 but not over $91,150 $5,183.75 25% of excess over $37,650 Over $91,150 but not over $190,150 $18,558.75 28% of excess over $91,150 Over $190, 150 but not over $413,350 $46,278.75 33% of excess over $190,150 Over $413,350 but not over $415,050 $119,934.75 35% of excess over $413,350 $120,529.75 39.6% of excess over $415,050 Over $415,050