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Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2020, his taxable income is $454,500. What is
Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2020, his taxable income is $454,500. 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.) b. His $454,500 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates. X Answer is complete but not entirely correct. Income tax $ 133,870 X 400 Net investment income tax Total tax liability $ 134,270 Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2020, his taxable income is $454,500. 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 $197,250 of taxable income, which includes $50,900 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 Required information (The following information applies to the questions displayed below.) Henrich is a single taxpayer. In 2020, his taxable income is $454,500. 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.) c. His $454,500 of taxable income includes $48,000 of long-term capital gain that is taxed at preferential rates. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Income tax $123,912.50 1,824.00 Net investment income tax Total tax liability $125,736.50
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