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! Required information [The following information applies to the questions displayed below.] Lacy is a single taxpayer. In 2020, her taxable income is $44,000. What
! Required information [The following information applies to the questions displayed below.] Lacy is a single taxpayer. In 2020, her taxable income is $44,000. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Do not round intermediate calculations.) c. Her $44,000 of taxable income includes $7,000 of qualified dividends. (Round your answers to 2 decimal places.) Tax liability Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2020, his taxable income is $457,500. 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.) d. Henrich has $198,750 of taxable income, which includes $51,500 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $210,000. (Round your answers to 2 decimal places.) Income tax Net investment income tax Total tax liability $ 0.00
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