Married Filing Jointly and Surviving Spouse \begin{tabular}{|l|l|} \hline If taxable income is & The tax is \\ \hline Not over $20,550 & 10% of taxable income \\ \hline Over $20,550 but not over $83,550 & $2,055.00+12% of excess over $20,550 \\ \hline Over $83,550 but not over $178,150 & $9,615.00+22% of excess over $83,550 \\ \hline Over $178,150 but not over $340,100 & $30,427.00+24% of excess over $178,150 \\ \hline Over $340,100 but not over $431,900 & $69,295.00+32% of excess over $340,100 \\ \hline Over $431,900 but not over $647,850 & $98,671.00+35% of excess over $431,900 \\ \hline Over $647,850 & $174,253.50+37% of excess over $647,850 \\ \hline \end{tabular} Married Filing Separately \begin{tabular}{|l|l|} \hline If taxable income is & The tax is \\ \hline Not over $10,275 & 10% of taxable income \\ \hline Over $10,275 but not over $41,775 & $1,027.50+12% of excess over $10,275 \\ \hline Over $41,775 but not over $89,075 & $4,807.50+22% of excess over $41,775 \\ \hline Over $89,075 but not over $170,050 & $15,213.50+24% of excess over $89,075 \\ \hline Over $170,050 but not over $215,950 & $34,647.50+32% of excess over $170,050 \\ \hline Over $215,950 but not over $323,925 & $49,335.50+35% of excess over $215,950 \\ \hline Over $323,925 & $87,126.75+37% of excess over $323,925 \\ \hline \end{tabular} Head of Household \begin{tabular}{|l|l|} \hline If taxable income is & The tax is \\ \hline Not over $14,650 & 10% of taxable income \\ \hline Over $14,650 but not over $55,900 & $1,465.00+12% of excess over $14,650 \\ \hline Over $55,900 but not over $89,050 & $6,415.00+22% of excess over $55,900 \\ \hline Over $89,050 but not over $170,050 & $13,708.00+24% of excess over $89,050 \\ \hline Over $170,050 but not over $215,950 & $33,148.00+32% of excess over $170,050 \\ \hline Over $215,950 but not over $539,900 & $47,836.00+35% of excess over $215,950 \\ \hline Over $539,900 & $161,218.50+37% of excess over $539,900 \\ \hline \end{tabular} Single \begin{tabular}{|l|l|} \hline If taxable income is & The tax is \\ \hline Not over $10,275 & 10% of taxable income \\ \hline Over $10,275 but not over $41,775 & $1,027.50+12% of excess over $10,275 \\ \hline Over $41,775 but not over $89,075 & $4,807.50+22% of excess over $41,775 \\ \hline Over $89,075 but not over $170,050 & $15,213.50+24% of excess over $89,075 \\ \hline Over $170,050 but not over $215,950 & $34,647.50+32% of excess over $170,050 \\ \hline Over $215,950 but not over $539,900 & $49,335.50+35% of excess over $215,950 \\ \hline Over $539,900 & $162,718+37% of excess over $539,900 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Married filing jointly and surviving spouses & $25,900 \\ \hline Married filing separately & 12,950 \\ \hline Head of household & 19,400 \\ \hline Single & 12,950 \\ \hline \end{tabular} In 2000, Ms. Ennis, a head of household, contributed $56,000 in exchange for 560 shares of Seta stock. Seta is a qualified small business. This year, Ms. Ennis sold all 560 shares for $96,000. Her only other investment income was an $7,800 long-term capital gain from the sale of land. Her taxable income before consideration of her two capital transactions is $581,000. Assume the taxable year is 2022. Use and Tax 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. Compute Ms. Ennis's income tax and Medicare contribution tax for the year. Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. In 2000, Ms. Ennis, a head of household, contributed $56,000 in exchange for 560 shares of Seta stock. Seta is a qualified small business. This year, Ms. Ennis sold all 560 shares for $96,000. Her only other investment income was an $7,800 long-term capital gain from the sale of land. Her taxable income before consideration of her two capital transactions is $581,000. Assume the taxable year is 2022. Use Individual tax rate schedules and Tax 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 2011 instead of 2000 ? Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. In 2000, Ms. Ennis, a head of household, contributed $56,000 in exchange for 560 shares of Seta stock. Seta is a qualified small business. This year, Ms. Ennis sold all 560 shares for $96,000. Her only other investment income was an $7,800 long-term capital gain from the sale of land. Her taxable income before consideration of her two capital transactions is $581,000. Assume the taxable year is 2022. Use and Tax 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? Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. Married Filing Jointly and Surviving Spouse \begin{tabular}{|l|l|} \hline If taxable income is & The tax is \\ \hline Not over $20,550 & 10% of taxable income \\ \hline Over $20,550 but not over $83,550 & $2,055.00+12% of excess over $20,550 \\ \hline Over $83,550 but not over $178,150 & $9,615.00+22% of excess over $83,550 \\ \hline Over $178,150 but not over $340,100 & $30,427.00+24% of excess over $178,150 \\ \hline Over $340,100 but not over $431,900 & $69,295.00+32% of excess over $340,100 \\ \hline Over $431,900 but not over $647,850 & $98,671.00+35% of excess over $431,900 \\ \hline Over $647,850 & $174,253.50+37% of excess over $647,850 \\ \hline \end{tabular} Married Filing Separately \begin{tabular}{|l|l|} \hline If taxable income is & The tax is \\ \hline Not over $10,275 & 10% of taxable income \\ \hline Over $10,275 but not over $41,775 & $1,027.50+12% of excess over $10,275 \\ \hline Over $41,775 but not over $89,075 & $4,807.50+22% of excess over $41,775 \\ \hline Over $89,075 but not over $170,050 & $15,213.50+24% of excess over $89,075 \\ \hline Over $170,050 but not over $215,950 & $34,647.50+32% of excess over $170,050 \\ \hline Over $215,950 but not over $323,925 & $49,335.50+35% of excess over $215,950 \\ \hline Over $323,925 & $87,126.75+37% of excess over $323,925 \\ \hline \end{tabular} Head of Household \begin{tabular}{|l|l|} \hline If taxable income is & The tax is \\ \hline Not over $14,650 & 10% of taxable income \\ \hline Over $14,650 but not over $55,900 & $1,465.00+12% of excess over $14,650 \\ \hline Over $55,900 but not over $89,050 & $6,415.00+22% of excess over $55,900 \\ \hline Over $89,050 but not over $170,050 & $13,708.00+24% of excess over $89,050 \\ \hline Over $170,050 but not over $215,950 & $33,148.00+32% of excess over $170,050 \\ \hline Over $215,950 but not over $539,900 & $47,836.00+35% of excess over $215,950 \\ \hline Over $539,900 & $161,218.50+37% of excess over $539,900 \\ \hline \end{tabular} Single \begin{tabular}{|l|l|} \hline If taxable income is & The tax is \\ \hline Not over $10,275 & 10% of taxable income \\ \hline Over $10,275 but not over $41,775 & $1,027.50+12% of excess over $10,275 \\ \hline Over $41,775 but not over $89,075 & $4,807.50+22% of excess over $41,775 \\ \hline Over $89,075 but not over $170,050 & $15,213.50+24% of excess over $89,075 \\ \hline Over $170,050 but not over $215,950 & $34,647.50+32% of excess over $170,050 \\ \hline Over $215,950 but not over $539,900 & $49,335.50+35% of excess over $215,950 \\ \hline Over $539,900 & $162,718+37% of excess over $539,900 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Married filing jointly and surviving spouses & $25,900 \\ \hline Married filing separately & 12,950 \\ \hline Head of household & 19,400 \\ \hline Single & 12,950 \\ \hline \end{tabular} In 2000, Ms. Ennis, a head of household, contributed $56,000 in exchange for 560 shares of Seta stock. Seta is a qualified small business. This year, Ms. Ennis sold all 560 shares for $96,000. Her only other investment income was an $7,800 long-term capital gain from the sale of land. Her taxable income before consideration of her two capital transactions is $581,000. Assume the taxable year is 2022. Use and Tax 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. Compute Ms. Ennis's income tax and Medicare contribution tax for the year. Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. In 2000, Ms. Ennis, a head of household, contributed $56,000 in exchange for 560 shares of Seta stock. Seta is a qualified small business. This year, Ms. Ennis sold all 560 shares for $96,000. Her only other investment income was an $7,800 long-term capital gain from the sale of land. Her taxable income before consideration of her two capital transactions is $581,000. Assume the taxable year is 2022. Use Individual tax rate schedules and Tax 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 2011 instead of 2000 ? Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. In 2000, Ms. Ennis, a head of household, contributed $56,000 in exchange for 560 shares of Seta stock. Seta is a qualified small business. This year, Ms. Ennis sold all 560 shares for $96,000. Her only other investment income was an $7,800 long-term capital gain from the sale of land. Her taxable income before consideration of her two capital transactions is $581,000. Assume the taxable year is 2022. Use and Tax 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? Note: Round your intermediate calculations and final answers to the nearest whole dollar amount