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

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

To be honest, here's what i think. i think the answer is (and i'm not exactly sure), that it is, both personal and household income.

Idon’t know what to do it