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Business, 24.04.2020 16:01 pattington

Henrich is a single taxpayer. In 2019, his taxable income is $450,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? (Round your answers to 2 decimal places. Leave no answer blank. Enter zero if applicable.).

a. His $459,000 of taxable income includes $57,000 of long-term capital gain that is taxed at preferential rates.
b. Henrich has $199,500 of taxable income, which includes $51,800 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $210,000.

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Henrich is a single taxpayer. In 2019, his taxable income is $450,000. What is his income tax and ne...
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