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Problem 8-63 (LO 8-1) (LO 8-3) (Static)
[The following information applies to the questions displayed below.]
Henrich is a single taxpayer. In 2021, his taxable income is $450,000. What is 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. (Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable. Round your
final answers to 2 decimal places.)
Problem 8-63 Part-b (Static)
b. His $450,000 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
Amount
