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Business, 15.04.2020 22:05 deadman76751

Henrich is a single taxpayer. In 2017, his taxable income is $425,000.

What is his income tax and net investment income tax liability in each of the following alternative scenarios?
Use Tax Rate Schedule for reference.

a. His $425,000 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 $0.00

b. His $425,000 of taxable income includes $55,000 of long-term capital gain that is taxed at preferential rates. Income tax Net investment income tax Total tax liability $0.00

c.. Henrich has $195,000 of taxable income, which includes $50,000 of long-term capital gain that is taxed at preferential rates.

Assume his modified AGI is $210,000. Income tax Net investment income tax Total tax liability $0.00

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Henrich is a single taxpayer. In 2017, his taxable income is $425,000.

What is his inco...
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