Required Information Problem 8-63 (LO 8-1) (LO 8-3) (Algo) [The following information applies to the questions displayed below.) Henrich is a single taxpayer. In 2020, his taxable income is $455,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule. Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable.) Problem 8-63 Part-a (Algo) a. All of his income is salary from his employer. Income tax Net Investment income tax Total tax liability 3 0 Required information Problem 8-63 (LO 8-1) (LO 8-3) (Algo) [The following information applies to the questions displayed below.) Henrich is a single taxpayer. In 2020, his taxable income is $455,000. What is his Income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule. Dividends and Capital Galos Tax Rates for reference. (Do not round Intermediate calculations. Leave no answer blank. Enter zero if applicable.) Problem 8-63 Part-b (Algo) b. His $455,000 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates. Income tax Net investment income tax Total tax liability Required Information Problem 8-63 (LO 8-1) (LO 8-3) (Algo) (The following information applies to the questions displayed below.) Henrich is a single taxpayer. In 2020, his taxable income is $455,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule. Dividends and Capital Gains Tax Rates for reference. (Do not round Intermediate calculations. Leave no answer blank. Enter zero if applicable.) Problem 8-63 Part-c (Algo) c. His $455,000 of taxable income includes $49,000 of long-term capital gain that is taxed at preferential rates. (Round your answ to 2 decimal places.) Income tax Net investment income tax Total tax liability Tax Rates for Net Capital Gains and Qualified Dividends Texable income Married Wing Jointly Married Piling Separately Single Head of Household Trusts and Estates ' 50. SO DOO 50.940 DOO $0 S40XXO $0-$33.00 50 - $1,650 15% $80XX01 - 549600 SMO.DO! - $248,300 $40001 - 5411 450 $53,601 - 5169,050 52.651 - $13,150 2 $196,601+ $248,3011 $441 451 $469.0514 $13,1512 *This rute applies to the ner capital gains and qualified dividend that all within the range of table income specified in the able (net capral gain and qualified dividens ar chudnice.com for this purpose ). Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,875 10% of taxable income $ 9,875 $ 40,125 $987 50 plus 12% of the excess over $9,875 $ 40,125 $ 85,525 $4,617.50 plus 22% of the excess over $40,125 $ 85,525 $163,300 $14,605.50 plus 24% of the excess over $85,525 $163,300 $207,350 $33,271.50 plus 32% of the excess over $163,300 $207,350 $518,400 $47,367.50 plus 35% of the excess over $207,350 $518,400 $156,235 plus 37% of the excess over $518,400 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,750 10% of taxable income $ 19,750 $ 80,250 $1,975 plus 12% of the excess over $19,750 $ 80,250 $171,050 $9,235 plus 22% of the excess over $80,250 $171,050 $326,600 $29,211 plus 24% of the excess over $171,050 $326,600 $414.700 566,543 plus 32% of the excess over $326,600 $414,700 $622,050 $94,735 plus 35% of the excess over $414,700 $622,050 $167,307 50 plus 37% of the excess over $622,050 Schedule Z-Head of Household If taxable income is over: But not over: $ 0 $ 14,100 $ 14,100 $ 53,700 $ 53,700 $ 85,500 $ 85,500 $163,300 $163,300 $207,350 $207,350 $518.400 $518.400 The tax is: 10% of taxable income $1,410 plus 12% of the excess over $14.100 $6,162 plus 22% of the excess over $53.700 $13,158 plus 24% of the excess over $85,500 $31.830 plus 32% of the excess over $163 300 $45,926 plus 35% of the excess over $207 350 $154,793.50 plus 37% of the excess over SS18.400 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: The tax is: S 0 $ 9.875 10% of taxable income $ 9,875 $ 40.125 S987 50 plus 12% of the excess over $9.875 $ 40.125 $ 85.525 $4.617 50 plus 22% of the excess over $40.125 $ 85 525 5163,300 $14,605 50 plus 24% of the excess over $85.525