In 2000, Ms. Ennis, a head of household, contributed $68,000 in exchange for 680 shares of Seta stock. Seta is a qualified small business. This year, Ms. Ennis sold all 680 shares for $116,000. 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 $528,000. Assume the taxable year is 2021. Use Individual tax rate schedules and Tax rates for capital gains and qualified dividends.

Required:

Compute Ms. Enniss income tax and Medicare contribution tax for the year.

How would the computation change if Ms. Ennis acquired the Seta stock in 2011 instead of 2000?

How would the computation change if Ms. Ennis acquired the Seta stock in 2018 instead of 2000?

For each

	Amount
Taxable income
Total income tax
Medicare contribution tax
Total tax