In 2000, Ms. Ennis, a head of household, contributed $52,000 in exchange for 520 shares of Seta stock. Seta is a qualified smail business. This year, Ms. Ennis sold all 520 shares for $109,000. Her only other investment income was an $8,000 long-term capital 9ain from the sale of land. Her taxable income before consideration of her two capital transactions is $558,000. Assume the taxable year is 2022. Use individual tax rate schedules and Tax rates for conital gains and qualifled dividends. Required: a. Compute Ms. Ennis's income tax and Medicare contribution tax for the year. b. How would the computation change if Ms. Ennis acquired the Seta stock in 2011 instead of 2000 ? c. How would the computation change if Ms. Ennis acquired the Seta stock in 2019 instead of 2000 ? Complete this question by entering your answers in the tabs below. Compute Ms. Ennis's income tax and Medicare contribution tax for the year. Note: flound your intermediate calculations and final answers to the nearest whele dollar amount. In 2000, Ms. Ennis, a head of household, contributed $52,000 in exchange for 520 shares of Seta stock. Seta is a qualified small business. This year, Ms. Ennis sold all 520 shares for $109,000. Her only other investment income was an $8,000 fong-term capital gain from the sale of land. Her taxable income before consideration of her two copital transactions is $558,000. Assume the taxable year is 2022. Use individual tax rate schedules and Tax rates for capital gains and aval fied clividends. Required: a. Compute Ms. Ennis's income tax and Medicare contribution tax for the yeac. b. How would the computation change if Ms. Ennis acquired the Seta stock in 2011 instead of 2000 ? c. How would the computation change if Ms. Ennis acquired the Seta stock in 2019 instead of 2000 ? Complete this question by entering your answers in the tabs below. How would the computation change if Ms. Ennis acquired the Seto stock in 2011 instead of 2000 ? Note: Pound your intermed ate calculations and final answers to the nearest whole collar amount: In 2000, Ms. Ennis, a head of household, contributed $52,000 in exchange for 520 shares of Seta stock. Seta is a qualified smali business. This year, Ms. Ennis sold all 520 shares for $109,000. Her only other investment income was an $8,000 long-term capital gain from the sale of land. Her taxable income before consideration of her two capital transactions is $558,000. Assume the taxable year is 2022. Use individual tax. rateschedules and Tox rates for capital gains and qualified dividends- Required: a. Compute Ms. Ennis's income tax and Medicare contribution tax for the year: b. How would the computation change if Ms. Ennis acquired the Seta stock in 2011 instead of 2000 ? c. How would the computation change if Ms. Ennis acquired the Seta stock in 2019 instead of 2000 ? Complete this question by entering your answers in the tabs below. How would the computation change if Ms, Ennis acquired the Seta stock in 2019 instead of 2000? Notes Plound your intermediate caiculations and nnat answers to the nesreet whole dollar amount
