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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 $441,000. Use Individual tax rate schedules and Tax rates for capital gains and qualified dividends. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) Amount Tax on ordinary income Tax on Income taxed at preferential rate Medicare contribution tax Total Individual Tax Rate Schedules Married Filing Jointly and Surviving Spouse If taxable income is: The tax is: Not over $19,750 10% of taxable income Over $19,750 but not over $80,250 $1,975 + 12% of excess over $19,750 Over $80,250 but not over $171,050 $9,235 + 22% of excess over $80,250 Over $171,050 but not over $326,600 $29.211 + 24% of excess over $171.050 Over $326,600 but not over $414,700 $66,543 + 32% of excess over $326,600 Over $414.700 but not over $622,050 $94,735 + 35% of excess over $414,700 Over $622,050 $167,307.50 + 37% of excess over $622,050 Married Filing Separately If taxable income is: The tax is: Not over $9,875 10% of taxable income Over $9,875 but not over $40,125 $987.50 + 12% of excess over $9.875 Over $40,125 but not over $85.525 $4.617.50 + 22% of excess over $40,125 Over $85,525 but not over $163,300 $14,605.50 +24% of excess over $85,525 Over $163,300 but not over $207,350 $33,271.50 + 32% of excess over $ 163,300 Over $207,350 but not over $311,025 $47,367 50 + 35% of excess over $207,350 Over $311,025 $83,653.75 + 37% of excess over $311,025 Heads of Household If taxable income is: The tax is: Not over $14,100 10% of taxable income Over $14,100 but not over $53.700 $1,410 + 12% of excess over $14,100 Over $53,700 but not over $85,500 $6.162 + 22% of excess over $53,700 Over $85,500 but not over $163,300 $13,158 +24% of excess over $85,500 Over $163,300 but not over $207,350 $31,830 + 32% of excess over $163,300 Over $207,350 but not over $518,400 $45,926 + 35% of excess over $207,350 Over $518,400 $154,793.50 +37% of excess over $518,400 Single If taxable income is: The tax is: Not over $9,875 10% of taxable income Over $9,875 but not over $40,125 $987.50 + 12% of excess over $9.875 Over $40,125 but not over $85,525 $4,617.50 + 22% of excess over $40,125 Over $85,525 but not over $163,300 $14,605.50 +24% of excess over $85.525 Over $163,300 but not over $207,350 $33,271.50 + 32% of excess over $163,300 Over $207,350 but not over $518,400 $47,367.50 + 35% of excess over $207,350 Over $518,400 $156.235 + 37% of excess over 518,400 Tax rates for capital gains and qualified dividends. Rate Married Filing Married Filing Single Head of Jointly Separately Household 0%* $0-$80,000 $0-$40,000 $0 - $40,000 $0 - $53,600 $80,001 - $40,001 - $40,001 - $53,601 - $496,600 $248,300 $441,450 $469,050 20% $496,601+ $248,301+ $441,451+ $469,051+ 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. 15%**

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