Mr$.$ Fox, a single taxpayer, recognized a $\backslash (\backslash$$ $64,000\backslash )$ long$-$term capital gain, a $\backslash (\backslash$$ $14,300\backslash )$ short$-$term capital gain, and a $\backslash (\backslash$$ $12,900\backslash )$ long$-$term capital loss. Required: Compute Mr$.$ Fox's income tax and Medicare contribution tax if his taxable income before consideration of his capital transactions is $\backslash (\backslash$$ $501,000\backslash ).$ Use Individual tax rate schedules and Tax rates for capital gains and qualified dividends. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.

Mr$.$ Fox, a single taxpayer, recognized a $$64,000$ long$-$term capital gain, a $$14,300$ short$-$term capital gain, and a $$12,900$ long$-$term capital loss.

Required:

Compute Mr$.$ Fox's income tax and Medicare contribution tax if his taxable income before consideration of his capital transactions is $$501,000.$ Use Individual tax rate schedules and Tax rates for capital gains and qualified dividends.

Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.

Answer is complete but not entirely correct.

$\backslash$table$[[,$Amount$],[$Tax on ordinary income,$171,992x$