0 Required information [The following information applies to the questions displayed below) Henrich is a single...

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0 Required information [The following information applies to the questions displayed below) Henrich is a single taxpayer. In 2023, his taxable income is $537,000. What are 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. Note: Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable. Round your final answers to 2 decimal places. e. All of his income is salary from his employer. Assume his modified AGI is $570,000. Income tax Not investment income tax Total tax liability Amount b. His $537,000 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates. Assume his modified AG is $570,000 Income tax Net investment income tax Total tax liability Amount c. His $537,000 of taxable income includes $53,000 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $570,000 Income tax Net investment income tax Total tax liability Amount d. Henrich has $198,500 of taxable income, which includes $51,400 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $217,000. Income tax Net investment income tax Total tax liability Amount 2023 Tax Rate Schedules Individuals Schedule X Single If taxable income is over: But not over: $ 0 $ 11,000 $ 11,000 S 44,725 $ 95,375 $182,100 $231.250 $578,125 $ 44,725 $95.375 $ 182,100 $231,250 $578,125 $190,750 $364,200 Schedule Y-1-Married Filing Jointly or Qualifying surviving spouse If taxable income is over: But not over: The tax is: $ 0 $ 22,000 $ 22,000 $ 89,450 $ 89,450 $190,750 $364,200 $462,500 $693,750 $462,500 $ 693,750 Schedule Z-Head of Household If taxable income is over But not over: S 0 $ 15,700 $ 59,850 $ 95,350 $182,100 $231,250 $578,100 The tax is: $ 15,700 $ 59,850 $ 95,350 $182,100 $231,250 $578,100 10% of taxable income $1,100 plus 12% of the excess over $11,000 $5,147 plus 22% of the excess over $44,725 $16,290 plus 24% of the excess over $95.375 $37,104 plus 32% of the excess over $182,100 $52,832 plus 35% of the excess over $231,250 $174,238.25 plus 37% of the excess over $578,125 10% of taxable income $2,200 plus 12% of the excess over $22,000 $10,294 plus 22% of the excess over $89,450 $32,580 plus 24% of the excess over $190,750 $74,208 plus 32% of the excess over $364,200 $105,664 plus 35% of the excess over $462,500 $186,601 5 plus 37% of the excess over $693,750 The tax is: 10% of taxable income $1,570 plus 12% of the excess over $15,700 $6,868 plus 22% of the excess over $59,850 $14,678 plus 24% of the excess over $95,350 $35,498 plus 32% of the excess over $182,100 $51,226 plus 35% of the excess over $231,250 $172,623 5 plus 37% of the excess over $578,100 10% of taxable income Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $11,000 $ 44,725 $ 95,375 $182,100 $ 11,000 $44,725 $ 95,375 $1,100 plus 12% of the excess over $11,000 $5,147 plus 22% of the excess over $44,725 $182,100 $16,290 plus 24% of the excess over $95.375 $231,250 $37,104 plus 32% of the excess over $182,100 $346,875 $52,832 plus 35% of the excess over $231,250 $93,300.75 plus 37% of the excess over $346,875 $231,250 $346,875 The tax is: Tax Rates for Net Capital Gains and Qualified Dividends Rate" 0% Taxable Income Single $0-$44,625 $44,626-$492,300 15% 20% $553,851+ $492,301+ *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends are included Married Filing Jointly $0 $89,250 $89,251 $553.850 Married Filing Separately $0-$44,625 $44,626-$276,900 $276,901+ Head of Household $0-$59,750 $59,751-$523,050 $523,051+ Trusts and Estates $0-$3,000 $3,001-$14,650 $523,051+ 0 Required information [The following information applies to the questions displayed below) Henrich is a single taxpayer. In 2023, his taxable income is $537,000. What are 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. Note: Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable. Round your final answers to 2 decimal places. e. All of his income is salary from his employer. Assume his modified AGI is $570,000. Income tax Not investment income tax Total tax liability Amount b. His $537,000 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates. Assume his modified AG is $570,000 Income tax Net investment income tax Total tax liability Amount c. His $537,000 of taxable income includes $53,000 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $570,000 Income tax Net investment income tax Total tax liability Amount d. Henrich has $198,500 of taxable income, which includes $51,400 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $217,000. Income tax Net investment income tax Total tax liability Amount 2023 Tax Rate Schedules Individuals Schedule X Single If taxable income is over: But not over: $ 0 $ 11,000 $ 11,000 S 44,725 $ 95,375 $182,100 $231.250 $578,125 $ 44,725 $95.375 $ 182,100 $231,250 $578,125 $190,750 $364,200 Schedule Y-1-Married Filing Jointly or Qualifying surviving spouse If taxable income is over: But not over: The tax is: $ 0 $ 22,000 $ 22,000 $ 89,450 $ 89,450 $190,750 $364,200 $462,500 $693,750 $462,500 $ 693,750 Schedule Z-Head of Household If taxable income is over But not over: S 0 $ 15,700 $ 59,850 $ 95,350 $182,100 $231,250 $578,100 The tax is: $ 15,700 $ 59,850 $ 95,350 $182,100 $231,250 $578,100 10% of taxable income $1,100 plus 12% of the excess over $11,000 $5,147 plus 22% of the excess over $44,725 $16,290 plus 24% of the excess over $95.375 $37,104 plus 32% of the excess over $182,100 $52,832 plus 35% of the excess over $231,250 $174,238.25 plus 37% of the excess over $578,125 10% of taxable income $2,200 plus 12% of the excess over $22,000 $10,294 plus 22% of the excess over $89,450 $32,580 plus 24% of the excess over $190,750 $74,208 plus 32% of the excess over $364,200 $105,664 plus 35% of the excess over $462,500 $186,601 5 plus 37% of the excess over $693,750 The tax is: 10% of taxable income $1,570 plus 12% of the excess over $15,700 $6,868 plus 22% of the excess over $59,850 $14,678 plus 24% of the excess over $95,350 $35,498 plus 32% of the excess over $182,100 $51,226 plus 35% of the excess over $231,250 $172,623 5 plus 37% of the excess over $578,100 10% of taxable income Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $11,000 $ 44,725 $ 95,375 $182,100 $ 11,000 $44,725 $ 95,375 $1,100 plus 12% of the excess over $11,000 $5,147 plus 22% of the excess over $44,725 $182,100 $16,290 plus 24% of the excess over $95.375 $231,250 $37,104 plus 32% of the excess over $182,100 $346,875 $52,832 plus 35% of the excess over $231,250 $93,300.75 plus 37% of the excess over $346,875 $231,250 $346,875 The tax is: Tax Rates for Net Capital Gains and Qualified Dividends Rate" 0% Taxable Income Single $0-$44,625 $44,626-$492,300 15% 20% $553,851+ $492,301+ *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends are included Married Filing Jointly $0 $89,250 $89,251 $553.850 Married Filing Separately $0-$44,625 $44,626-$276,900 $276,901+ Head of Household $0-$59,750 $59,751-$523,050 $523,051+ Trusts and Estates $0-$3,000 $3,001-$14,650 $523,051+

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Answer Lets calculate Henrichs income tax and net investment income tax liability in each of the given scenarios a All of his income is salary from hi... View the full answer