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Please I need the answer for A, B, and C based on the 2 sheets I'm attaching with the question. Thanks In 2000, Ms. Ennis,

Please I need the answer for A, B, and C based on the 2 sheets I'm attaching with the question. Thanksimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

In 2000, Ms. Ennis, a head of household, contributed $53,000 in exchange for 530 shares of Seta stock. Seta is a qualified small business. This year, Ms. Ennis sold all 530 shares for $124,550. Her only other investment income was an $9,275 long-term capital gain from the sale of land. Her taxable income before consideration of her two capital transactions is $636,000. Assume the taxable year is 2020. 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 2015 instead of 2000? X Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute Ms. Ennis's income tax and Medicare contribution tax for the year. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Taxable income $ Total income tax $ Amount 681,050 26,659 X 769,295 X 760,295 x Medicare contribution tax | 014 Total tax Required A Required B In 2000, Ms. Ennis, a head of household, contributed $53,000 in exchange for 530 shares of Seta stock. Seta is a qualified small business. This year, Ms. Ennis sold all 530 shares for $124,550. Her only other investment income was an $9,275 long-term capital gain from the sale of land. Her taxable income before consideration of her two capital transactions is $636,000. Assume the taxable year is 2020. 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 2015 instead of 2000? Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C How would the computation change if Ms. Ennis acquired the Seta stock in 2011 instead of 2000? (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Amount Taxable income Total income tax Medicare contribution tax Total tax In 2000, Ms. Ennis, a head of household, contributed $53,000 in exchange for 530 shares of Seta stock. Seta is a qualified small business. This year, Ms. Ennis sold all 530 shares for $124,550. Her only other investment income was an $9,275 long-term capital gain from the sale of land. Her taxable income before consideration of her two capital transactions is $636,000. Assume the taxable year is 2020. 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 2015 instead of 2000? X Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C How would the computation change if Ms. Ennis acquired the Seta stock in 2015 instead of 2000? (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Amount Taxable income Total income tax Medicare contribution tax Total tax Individual Tax Rate Schedules Married Filing Jointly and Surviving Spouse The tax is: 10% of taxable income $1,975 + 12% of excess over $19,750 $9,235 + 22% of excess over $80,250 $29,211 + 24% of excess over $171,050 $66,543 + 32% of excess over $326,600 $94,735 + 35% of excess over $414,700 $167,307.50 + 37% of excess over $622,050 If taxable income is: Not over $19,750 Over $19,750 but not over $80,250 Over $80,250 but not over $171,050 Over $171,050 but not over $326,600 Over $326,600 but not over $414,700 Over $414,700 but not over $622,050 Over $622,050 Married Filing Separately If taxable income is: Not over $9,875 Over $9,875 but not over $40,125 Over $40,125 but not over $85,525 Over $85,525 but not over $163,300 Over $163,300 but not over $207,350 Over $207,350 but not over $311,025 Over $311,025 Heads of Household If taxable income is: Not over $14,100 Over $14,100 but not over $53,700 Over $53,700 but not over $85,500 Over $85,500 but not over $163,300 Over $163,300 but not over $207,350 Over $207,350 but not over $518,400 Over $518,400 The tax is: 10% of taxable income $987.50 + 12% of excess over $9,875 $4,617.50 + 22% of excess over $40,125 $14,605.50 + 24% of excess over $85,525 $33,271.50 + 32% of excess over $163,300 $47,367.50 + 35% of excess over $207,350 $83,653.75 + 37% of excess over $311,025 The tax is: 10% of taxable income $1,410 + 12% of excess over $14,100 $6,162 + 22% of excess over $53,700 $13,158 +24% of excess over $85,500 $31,830 + 32% of excess over $ 163,300 $45,926 + 35% of excess over $207,350 $154,793.50 + 37% of excess over $518,400 Single If taxable income is: Not over $9,875 Over $9,875 but not over $40,125 Over $40,125 but not over $85,525 Over $85,525 but not over $163,300 Over $163,300 but not over $207,350 Over $207,350 but not over $518,400 Over $518,400 The tax is: 10% of taxable income $987.50 + 12% of excess over $9,875 $4,617.50 + 22% of excess over $40,125 $14,605.50 + 24% of excess over $85,525 $33,27 1.50 + 32% of excess over $163,300 $47,367.50 + 35% of excess over $207,350 $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 15%** $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

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