Jason and Lynn are married and file a joint tax return for 2013. Lynn has salary income

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Jason and Lynn are married and file a joint tax return for 2013. Lynn has salary income of $270,000 and Jason has salary income of $380,000. They also have the following additional types of income: $59,000 net long-term capital gain on sale of stock, $9,000 dividend income, $7,000 interest income from corporate bonds, and $6,000 interest income from tax-exempt municipal bonds. Compute their Medicare surtaxes.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Taxation For Decision Makers 2014

ISBN: 9781118654545

6th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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