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Problem 16-31 (Algo) [LO 16-5, 16-9] In 2000, Ms. Ennis, a head of household, contributed $69,000 in exchange for 690 shares of Seta stock. Seta

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Problem 16-31 (Algo) [LO 16-5, 16-9] In 2000, Ms. Ennis, a head of household, contributed $69,000 in exchange for 690 shares of Seta stock. Seta is a qualified small business. This year, Ms, Ennis sold all 690 shares for $124,000. Her only other investment income was an $7,100 longterm capital gain from the sale of land. Her taxable income before consideration of her two capital transactions is $567,000. Assume the taxable year is 2022. Use individual tax rate schedules and Tax rates for capitalgains and gualified 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

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