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Mr. Fox, a single taxpayer, recognized a $64,000 long-term capital gain, a $14,300 short-term capital gain, and a $12,900 long-term capital loss. Required: Compute Mr.

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Mr. Fox, a single taxpayer, recognized a $64,000 long-term capital gain, a $14,300 short-term capital gain, and a $12,900 long-term capital loss. Required: Compute Mr. Fox's income tax and Medicare contribution tax if his taxable income before consideration of his capital transactions is $451,000. Use Individual tax rate schedules and Tax rates for capital gains and qualified dividends. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar amount. Individual Tax Rate Schedules Tax rates for capital gains and qualified dividends * The highest income amount in this range for each filing status is referred to as maximum zero rate amount. ** The highest income amount in this range for each filing status is referred to as maximum 15-percent amount

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