Question: Mr . Fox, a single taxpayer, recognized a $ 6 4 , 0 0 0 long - term capital gain, a $ 1 4 ,

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. Foxs 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.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.
 Mr. Fox, a single taxpayer, recognized a $64,000 long-term capital gain,

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